The debt of the Public Administrations according to the Excessive Deficit Protocol (PDE) reached a balance of 1,138 billion at the end of June 2017 of euros, 2.8% higher than a year before. Using the accumulated nominal GDP of the last four quarters, the debt/GDP ratio stood at 100% in the second quarter of 2017, 0.7 pp less than in June 2016, reports the Bank of Spain.
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The debt balance of the Central Administration as a whole Email Data stood at 996 billion euros in June 2017, which represents 87.6% of GDP. The debt growth of this subsector in year-on-year terms was 3.3% and was concentrated in medium- and long-term securities issues by the State.
For its part, the debt balance of the Social Security Administrations remained constant at 17 billion, 1.5% of GDP, and is materialized in loans received from the State.
Regarding the Autonomous Communities, their debt balance according to the PDE grew to 286 billion euros in June 2017, 25.1% of GDP, with a year-on-year increase of 4.5%.
The debt of Local Corporations stood at 32 billion euros in the second quarter of 2017, which represents 2.8% of GDP and is 7.7% less than the balance recorded a year earlier.