FEDERACION ESPAÑOLA DE MUNICIPIOS Y PROVINCIAS
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The debt of local authorities, 3.5% of GDP in first quarter
The Local Authorities debt stood at 3.5% of GDP at the end of the first quarter of 2011, one tenth more than in the same time last year and two more on 31 December. This represents an increase of 3.2% over the same period last year.
This trend contrasts with that of the Autonomous Communities, in the same period has seen an increase of 26.4% and stood at 11.4% of GDP. The rest, up 63.6% of GDP, corresponding to the General State Administration
