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Spain: The public debt exceeded the benchmark of 60% of GDP

The general government debt stood at the end of 2010 at 638.767 million euros, representing an increase of 77.448 million compared to the end of 2009, when there were 561.319 million under this heading. Is an increase of 13.8%. By type of administration, the debt rose to 48.924 million euros in the plant, 11.1% to 487,870 million.

In the regions recorded the largest increase. Their debt grew by 31.7% (27,790 million), and you should 115.455 million euros.

contrast, in municipalities remained well contained. Rose just 2.1%, to 35.442 million, which are more than 734 million in late 2009.

With these figures, the ratio of debt to GDP exceeds the English economy for the first time since 1999 the benchmark of 60%. In particular comes to 60.1% compared to 53.3% at end-2009.

The Central Administration has risen from 41.6% to 45.9% in the regions from 8.3% to 10.9%, and the municipalities has remained at 3.3%.

debt of the regions increased by 31.7% in 2010 and 10.9% of GDP
For
communities
The data show that since 1995, borrowing by the regions has not stopped grow, breaking record highs each year, despite the commitment to budgetary stability acquired in recent years.

autonomous community with the largest debt in 2010 was again Catalonia, with 31.886 million euros, an amount that represents 27.6% of the total debt accumulated in the whole community.

After Catalonia, Valencia stood (17,600 million euros) returning to second place ahead of Madrid, whose debt rose to 13.492 million euros. Among the three, accumulate 54.5% of total regional debt.

Below are Andalucía (12.176 million euros), Galicia (6.162 million), Castilla-La Mancha (5.819 million), Basque country (4.916 million), Castilla y León (4.294 million euros), Baleares (4.064 million ), Canary Islands (3.298 million), Aragon (2,901,000) and Murcia (2,107 million). Completing the list

Extremadura (1,747 million), Navarra (1,725 \u200b\u200bmillion), Asturias (1,634 million), La Rioja (726 million) and Cantabria (911 million).

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