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Spanish public debt inches lower in January

Source: Reuters - Thu 17th Mar 2016
Spanish public debt inches lower in January

Spain's gross public debt slipped slightly in January from December, its first monthly drop since October, the Bank of Spain said on Thursday.

Spanish public debt was EU1.07 trillion in January, EU589 million lower than that recorded a month earlier, the central bank said.

Debt as a percentage of economic output stood at 98.9% end of January, according to Reuters calculations using end-2015 GDP data.

Spanish debt-to-GDP was 99% at the end of December, the Bank of Spain said on Tuesday, slightly above the official forecast of 98.7%.

The government's debt-to-GDP targets are 98.5% for 2016, 96.5% for 2017 and 93.2% for 2018.

Recommended Reading :

* Spain kept debt below 100% of GDP as economy grew in 2015

* Spanish economy grew 3.2% in 2015