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Home News Spanish National News

National debt hits highest level on record

TKO News by TKO News
15 June 2022
in Spanish National News
0
National debt hits highest level on record

National debt has risen to it’s highest level on record – passing €1.45 trillion.

However as a percentage of GDP, that figure has fallen down to 117.7% due to strong performance of the Spanish economy since the relaxation of covid restrictions.

The Russian invasion of Ukraine however has caused national debt to rise – with it increasing by €61 billion last year – a rise of 4.3%.

When compared to GDP for the same time as last year, the figure is down from 125.2% – yet fell slightly short of the Government’s target of 115.2%.

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Source : English Radio News

Tags: News across Spain
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