The debt of all public administrations reached a new record in the third quarter of the year by adding 1,020,236 million euros , representing 96.8% of GDP and an increase of 0.75% in relation to the quarter previous, according to the data of the Bank of Spain.
Accounting for all current liabilities charged to the public administration, the debt rises to 1,493,413 million . Debt that is not accounted for for purposes of excessive deficit protocol but which are still obligations incurred.
The gap between the “official” debt and the hidden debt
For you to have a reference in the year 2000, the debt was € 374,557 million and the total debt counting the non-accounted for deficit protocol amounted to € 450,068 million, ie the gap between the “official” debt and the hidden debt It has increased by more than € 400 billion.
The state debt stood at 891,936 million euros, also a new record, which already represents 84.6% of GDP and an increase of 0.75% compared to the second quarter, while indebtedness of the autonomous communities rebounded to 232,009 million euros, 1.6% more than between April and June of this year.
Local corporations, on the other hand, reduced their debt by 2.88% in the third quarter, with an amount of 40.781 million euros, 3.9% of GDP, while Social Security recorded a debt of 17.2 billion euros , practically the same amount as a quarter before (17,203 million), which represents 1.6% of GDP.
This quarter is the second in which the debt figures are affected by a methodological change, since the criteria of the SEC 2010, the new European system of accounts in force since September 1, are being applied since the second quarter. The new methodology, with which the entire historical series has been updated, has raised the debt figure by 6,000 million.
Debt rose in the third quarter in thirteen autonomous communities and Catalonia, Valencia, Madrid and Andalusia continue to concentrate most of the indebtedness of the autonomous governments, with 65.3% of the total. Thus, the debt of Catalonia reached 63,075 million euros, followed by the Valencian Community, with 35,892 million euros; Andalusia, with 27,654 million, and Madrid, with 25,063 million.
Below are Castilla-La Mancha (12,488 million), Galicia (9,816 million), Basque Country (9,123 million), Castilla y León (9,470 million), Balearic Islands (7,597 million), Murcia (6,673 million) and Aragon (5,999 million) ).
The Canary Islands (5,726 million), Asturias (3,425 million), Navarra (3,327 million), Extremadura (2,960 million), Cantabria (2,393 million) and La Rioja (1,329 million) tables close.
MADRID, THE MOST DEBTED CITY HALL.
As a percentage of GDP, the Valencian Community, whose debt accounts for 35.8% of GDP, Castilla-La Mancha (33.7%), Catalonia (31.8%) and the Balearic Islands (28.3%) are the communities where Your indebtedness is higher in relation to your wealth. On the contrary, the Canary Islands (13.8%), Madrid (13.3%) and the Basque Country (14.1%) are the regions where their debt weighs less on GDP.
Finally, among the local corporations, Madrid is the most indebted city council in the third quarter, with ‘red numbers’ of 6,907 million euros, 0.23% less than in the previous quarter. Barcelona, meanwhile, has a debt of 985 million euros, in this case 2.57% lower than the previous three months.