The public debt of Murcia amounted to 7,467 million in the second quarter
The debt of all public administrations stood at 1.052 billion euros in the second quarter of this year, 6.660 billion euros more than in the first three months of the year, according to data from the Bank of Spain, which place Murcia’s debt in that period, 7,467 million euros.
At the national level, the percentage fell by three tenths, up to 97.7% of GDP, according to these data, thus certifying the first quarterly decline in the weight of debt over GDP since the third quarter of 2008.
This percentage, whose decrease is presumably due to GDP growth, is more than one point lower than the Government’s target for the whole year, which stands at 98.9%, according to the update of the Stability Program of the past 30 of April.
Sources from the Ministry of Economy emphasize that “the objective will be met at the end of the year and the downward trend in GDP will continue in the coming years, thanks to the reduction of the public deficit and the improvement of the economic situation.”
In year-on-year terms, the public debt rebounded in the second quarter by 4%, two points below the second quarter of last year, while in relation to the previous quarter, it registered an advance of 0.63%,
The same sources indicate that “the current volume of debt is produced by an inherited deficit, the mechanisms of aid to the autonomous communities, the recapitalization of the financial sector and the Spanish contribution to the rescue programs of Ireland, Portugal and Greece”.
Of the total public debt held by public administrations, 87.1% (917,812 million euros) corresponds to the Central Government’s indebtedness, while the Autonomous Communities account for 23.7% of the total debt ( 250,237 million) and local corporations, 3.6% (37,928 million). On the other hand, Social Security accounts for 1.6% of all indebtedness (17,190 million).
Regarding the evolution of debt in the second quarter in each of the administrations, both the central government and the autonomous communities have increased their indebtedness compared to the previous quarter, with an increase of 1.1% in the case of the State and a 4% increase in the regions.
In the case of Social Security, the debt hardly increased by six million euros. On the contrary, the municipalities have slightly reduced their debt between April and June, with a fall of 1.3%.
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By Autonomous Communities, Catalonia (66,813 million euros), Comunidad Valenciana (40,085 million), Andalucía (29,822 million) and Madrid (26,341 million) continue to concentrate 65.1% of all the debt in the hands of the autonomous governments. In all these cases, the debt grew compared to the previous quarter.
Next, there are the communities of Castilla-La Mancha (13,138 million), Galicia (10,210 million), Castilla y León (10,386 million), País Vasco (9,903 million), Islas Baleares (8,260 million) and Murcia (7,467 million).
The Aragón (6,626 million), Canary Islands (6,483 million), Asturias (3,789 million), Navarra (3,586 million), Extremadura (3,391 million), Cantabria (2,547 million) and La Rioja (1,390 million) tables are close.
As a percentage of GDP, the Comunidad Valenciana, with an indebtedness that represents 39.6%, continues to lead the most indebted regions in relation to its wealth, followed by Castilla-La Mancha, with 34.1%, and Catalonia, with 32.8%. On the other hand, the Community of Madrid (13.1% of GDP), the Canary Islands (15.3%) and the Basque Country (15.1%) have the lowest debt with respect to GDP.
As for the municipalities, among those with more than half a million inhabitants, Madrid, with a debt of 5,637 million euros, is still in charge of the most indebted local corporations, a figure that contrasts with the indebtedness of the municipality of Barcelona, located at 716 million in the second quarter.
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