Public debt marks new maximum in August due to war and energy

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The extraordinary expenses that the State has had to face to tackle the effects on the economy of the war in Ukraine and of the energy crisis aggravated by it triggered public debt to a new all-time high in August. The liabilities of the Administrations as a whole now exceed 1.49 billion euros, according to the data published this Friday by the Bank of Spain. Public debt rose very slightly compared to July (barely 0.3%), although it has posted four consecutive months of growth.

The photograph changes if the last year is taken into account. Since August 2021, the liabilities of the Public Administrations have increased by 5%, in a total of 72,029 million euros, as the Central Government had to approve at that time a whole battery of measures to deal with the complex economic situation.

Source: lainformacion.com

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