MADRID – Spain’s central bank says the country’s debt burden rose to a record 84.1 per cent of its annual gross domestic product at the end of 2012.
It says Friday that the country’s debt mountain at the year-end was €884.4 billion ($1.14 trillion), up 20.1 per cent on the previous year’s total.
Get weekly money news
Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
Catalonia remained the most indebted of the country’s 17 regions with debts of €51 billion, followed by Valencia with €29 billion.
- IBC estimates $230M in insured damage claimed from Edmonton storms
- Alberta First Nation sues Ottawa over $5 treaty annuity, argues amount stuck in 1899
- Jobs hang in the balance as Ekati diamond mine in N.W.T. closing early
- WestJet flight attendants hold information pickets as strike vote takes place
The Spanish government has said it expects its debt burden to rise to 90.5 per cent in 2013.
The country is battling to emerge from its second recession in just over three years. It has 26 per cent unemployment.
Comments
Want to discuss? Please read our Commenting Policy first.