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Spain's public debt rises 14 billion euros in March

Source: Reuters - Wed 18th May 2016
Spain's public debt rises 14 billion euros in March

Spanish public debt rose to EU1.1 Trillion in March, EU14 Bln higher than that recorded a month earlier, the Bank of Spain said on Wednesday.

Debt as a percentage of economic output stood at 101.3% at the end of March, according to Reuters calculations using end-2015 GDP data.

Using the government's projected 2016 GDP data included in its budget proposal for this year, debt stood at 95.9% of economic output.

Spanish debt-to-GDP was 99% at the end of December, the Bank of Spain said on March 15, 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's public debt over 100% of GDP for first time in more than a century

* Brussels asks Spain for EU8 Bln spending cuts

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