Bank of Spain reports April 2026 public debt at 101% of GDP and EUR 1.736 trillion

The Bank of Spain published its monthly advance data showing that Spanish general government debt, measured under the Excessive Deficit Protocol, stood at 101% of GDP in April 2026. That was 1.6 percentage points lower than a year earlier, while the nominal debt stock rose 4.4% year on year to EUR 1.736 trillion. By subsector, state debt reached EUR 1.582 trillion, or 92% of GDP, up 4.5% from a year earlier. Regional government debt stood at EUR 351 billion, or 20.4% of GDP, up 3.6%, while local government debt fell 9.5% to EUR 21 billion, or 1.2% of GDP. Social security debt rose 7.9% to EUR 136 billion, equivalent to 7.9% of GDP, reflecting state loans to finance its budget imbalance. Debt of other central government units declined 6.5% to EUR 33 billion. Consolidated intra-government holdings amounted to EUR 387 billion, or 22.5% of GDP, up 3.5% year on year. Since December, total general government debt increased by EUR 37.7 billion, driven mainly by the state and regional governments. Across instruments, long-term securities rose 3.9% year on year, loans with maturity over one year increased 7.1%, and short-term instruments also grew 7.1%. The Bank of Spain said the advance debt data for May 2026 will be published on 17 July 2026, and second-quarter 2026 debt data will be released on 30 September 2026.