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Spain's second-quarter debt-to-GDP ratio rises to 122.8%

·1-min read
Woman wears a protective face mask as she walks past Banco de Espana (Bank of Spain), amidst concerns over coronavirus outbreak, in Barcelona

(Reuters) - Spain's public debt rose to the equivalent of 122.8% of gross domestic product (GDP) in the second quarter of 2021, the Bank of Spain said on Thursday, as a result of the increase in spending due to the coronavirus pandemic.

Spain's debt-to-GDP ratio at the end of the second quarter was higher than the 110.3% registered at the end of the second quarter of 2020, but below the 125.3% at the end of the fist quarter of 2021, the central bank said.

(Reporting by Aida Pelaez-Fernandez, Editing by Inti Landauro)

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