Bank of Spain says public debt fell to 100.2% of GDP in May 2026, down 2 percentage points year on year

The Bank of Spain published its monthly advance figures for general government debt under the Excessive Deficit Procedure, showing the debt ratio at 100.2% of gross domestic product in May 2026. That was 2 percentage points lower than a year earlier. In nominal terms, debt stood at EUR 1.729 trillion, up 4% year on year. By subsector, central government debt reached EUR 1.575 trillion, or 91.2% of GDP, up 4.4% from a year earlier. Regional government debt was EUR 343 billion, or 19.9% of GDP, up 2.1%, while local government debt fell 9.4% 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. Other central government units recorded EUR 33 billion of debt, down 6.3%. Consolidated holdings within the public sector amounted to EUR 379 billion, up 3.4% year on year. Since December, total public debt increased by EUR 31.2 billion, driven mainly by a EUR 26.1 billion rise in central government debt. The Bank of Spain said the advance debt data for June 2026 will be published on 18 August 2026, and second-quarter 2026 public debt data will be released on 30 September 2026.