Public debt marks the all-time high of 1.39 trillion in the first quarter, 125.3% of GDP

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The debt of the public administrations as a whole rose in the first quarter up to the historical maximum of 1,392,733 million euros, reaching a record of 125.3% of GDP, according to data from the Bank of Spain published this Friday.

In the last year, public debt has increased by 168,213 million euros, which represents a rebound of 13.7%, as a result of the Covid-19 crisis, which has cut income and raised expenses to finance the support measures approved.

Thus, public debt hit its all-time high in the first quarter of this year, after the rebound that began in the first months of 2020 with the decree of the state of alarm.

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