It is one of the five communities where it rises year-on-year in the first quarter of 2022
The debt of the Region of Murcia grew again in the first quarter of 2022 and already reaches 11,513 million euros, 34.9% of the Gross Domestic Product (GDP), according to data published this Tuesday by the Bank of Spain. In addition, the Community was one of the five that registered an increase at the interannual level, together with Andalusia, Catalonia, the Basque Country and the Valencian Community.
In this way, the debt of the Region of Murcia rose by 6% in the last year, once again marking a historical maximum and slowing down the good dynamics of the end of 2021, since in the last quarter it managed to register a decrease. In the first three months of this year, the rise is more than 500 million. The percentage of debt with respect to GDP, of almost 35%, is ten points higher than the average of the communities and the third highest figure for autonomous communities.
In absolute terms, the Region registers the seventh highest data. Catalonia (83,722 million euros), the Valencian Community (53,049 million), Andalusia (35,865 million) and Madrid (34,831 million) continue to concentrate two thirds of all the debt in the hands of the regional governments in the first quarter, although it is also due to a population issue. Next, and ahead of the Region, are the communities of Castilla-La Mancha (14,905 million), Castilla y León (12,945 million).
In the autonomous communities as a whole, the debt grew by 0.6% year-on-year, to 309,741 million euros in the first quarter, equivalent to 25.1% of GDP, 2.6 points less than in 2021. On your side , is reduced by slightly more than 2,845 million compared to the previous quarter due to higher transfers from the State.
The administrations mark a historical maximum
The debt of all public administrations rose in the first quarter to the historical maximum of 1,453,853 million euros, but moderated to 117.7% of GDP, according to data from the Bank of Spain published this Tuesday. In the last year, public debt has increased by 60,780 million euros, which represents a rise of 4.3%, although its weight in GDP has fallen from 125.2% in the first quarter of 2021, a historical maximum, to 117.7% between January and March of this year.
The data marked in the first quarter (117.7% of GDP) exceeds, however, the Government’s objective for the whole year (115.2%), in accordance with what is established by the Executive in the Stability Plan sent to Brussels at the end of April. The scenario proposed by the 2022-2025 Stability Program shows a progressive decrease in the deficit over the four years until the debt/GDP ratio stands at 109.7% in 2025.
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