Spanish public debt rises in February from January

MADRID: Spanish gross public debt rose in February from a month earlier, climbing by 12.17 billion euros ($15.09 billion) from a month earlier to 1.16 trillion euros, the fourth month of increases, the Bank of Spain said on Tuesday.

Debt as a ratio of gross domestic product was 99.55 percent according to Reuters calculations using the most recent National Statistics Institute (INE) growth data for the full year 2017.

That compared to a calculated debt-to-GDP ratio of 98.47 percent in January.

Spain ended 2017 with a debt-to-GDP ratio of 98.3 percent of economic output, according to the Bank of Spain, and the government expects that to fall to 97.0 percent of its GDP this year.