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13 percent of Spain's budget for interest on debts

Source: El Mundo - Tue 3rd Apr 2012
13 percent of Spain's budget for interest on debts

Spain will pay a total of Ä28,876 million cover the interest repayments alone on all outstanding debts over the course of 2012, amounting to 13.4% of all expenditures included in the State Budget.

This sum increased by 5.3% compared to 2011.

In total, the country's public debt has now increased to stand at 79.9% of gross domestic product (GDP).

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