Spanish public debt in June reaches 90.2 pct of GDP

0 Comment(s)Print E-mail Xinhua, August 17, 2013
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MADRID, Aug. 16 (Xinhua) - Spain's public debt rose by 6.37 billion euros (8.48 billion U.S. dollars) from May to June, representing 90.2 percent of the country's gross domestic product (GDP), according to data released on Friday by the Bank of Spain.

Spain's public debt totaled 943.702 billion euros in June, reaching a new record high. It is also the second consecutive month of rises.

The Spanish public debt had decreased by more than 8.8 billion euros in April after seven consecutive months of rises.

On a monthly basis, Spain's public debt suffered a 0.68 percent increase from May to June.

The government expects Spain's public debt to reach 91.4 percent of the country's GDP by the end of this year.

Local media reports cited the Ministry of Economy as saying that the increase of June was due to the large amount of debt placed by the Spanish treasury on the market. Endi

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