Spain's public debt falls to 103.4% of GDP
Spain's public debt has dropped nearly two percentage points from last year, reaching 103.4% of GDP in August. This decline reflects progress in fiscal consolidation and the country's economic growth.
According to data from the Bank of Spain published on September 30, 2025, Spain's public debt stood at 103.4% of GDP at the end of August, a drop of nearly two points from the 105.3% recorded a year earlier. The total debt volume reached 1.532 billion euros, representing a nominal increase of 12 billion from July, but driven by GDP growth.
This positive trend is mainly attributed to improvements in public finances, with a controlled public deficit and higher tax revenues. Economy Minister Carlos Cuerpo stated: 'These figures confirm that our fiscal stability strategy is bearing fruit, allowing a sustained reduction in the debt-to-GDP ratio.' However, experts warn that the absolute debt remains high in the European context.
In terms of components, central government debt accounts for 82% of the total, followed by autonomous communities at 15%. Compared to the eurozone average of around 88%, Spain maintains a challenging position, though the downward trend is encouraging for medium-term fiscal sustainability prospects.