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Spanish public debt rises in February from January

Spanish public debt rises in February from JanuaryMADRID: Spanish gross public debt rose in February from a month earlier, climbing by 12.17 billion euros ($15.09 billion) from a month earlier to 1.16 trillion euros, the fourth month of increases, the Bank of Spain said on Tuesday.

Debt as a ratio of gross domestic product was 99.55 percent according to Reuters calculations using the most recent National Statistics Institute (INE) growth data for the full year 2017.

That compared to a calculated debt-to-GDP ratio of 98.47 percent in January.

Spain ended 2017 with a debt-to-GDP ratio of 98.3 percent of economic output, according to the Bank of Spain, and the government expects that to fall to 97.0 percent of its GDP this year.

Copyright Reuters, 2018

Source: Brecorder

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