Spanish public debt has soared from 36.3 percent of GDP in 2007 amid a deep economic slump but is expected to reach a ceiling next year before edging lower.
Spain's government expects debt as a ratio of economic output to end 2014 at 99.5 percent and 101.7 percent of GDP a year later before falling back to 98.5 percent by 2017.
In gross terms, Spanish public debt was 982.8 billion euros ($1.34 trillion) in April compared with 989.9 billion euros a month earlier.