MADRID : Spain’s public debt rose above 100 percent in the first quarter to its highest level in 20 years, the central bank said Wednesday as Madrid faces an EU sanctions threat for public overspending, reports BSS.
Debt as a proportion of economic output hit 100.5 percent in the first quarter up from 99.2 percent at the end of 2015, the bank said in a statement.
It had already surpassed the symbolic 100-percent mark in the first quarter of 2015, when it hit 100.2 percent. Spain’s public debt stood at 1.09 trillion euros ($1.23 trillion) at the end of March. The debt, …read more
Source: The Bangladesh Today
