Madrid (EFE).- Spanish public debt once again set a record in 2022, when it closed at 1.5 trillion euros, although its ratio to GDP fell to 113.2%, 5.1 points less than at end of 2021 (118.3%) and 2 points below the Government forecast (115.2%).
GDP growth made it possible to maintain the downward path of the public debt ratio in 2022, which marks distances from the maximum of 120.4% of GDP with which it closed 2020, but is still far from the target of 60% of GDP set European rules, according to data updated this Friday by the Bank of Spain.
However, despite the positive evolution of the ratio, in nominal terms public debt continued to rise to a record of 1,502,543 million euros, 5.3% above the hitherto all-time high at the close of 2021 (1,427,238 million), but below the data for the third quarter of 2022 (1,503,760 million).