Spain's public deficit amounts to 2.8 percent in 2024

Minister Stresses Strengthening Social Fund for Development While Safeguarding Its Independence

Minister of Social Affairs and Labor Mukhtar al-Yafae stressed the importance of strengthening the Social Fund for Development as an effective national institution, preserving its independence, reinforcing governance, transparency and institutional stability, and expanding its development impact across all governorates.

Three Palestinians Killed, 10 Injured in Israeli Airstrikes on Gaza

Three Palestinians were killed and more than 10 others injured on Saturday in a series of Israeli airstrikes targeting several areas across the Gaza Strip.

Korea's Travel Account Posts Surplus for 3rd Month in Row

South Korea reported a surplus in its tourism account for the third month in a row in May, driven by a rise in the number of foreign tourists, reaching $220.5 million in May compared to a deficit of $820.2 million in the same month last year.

England Claim FIFA World Cup 2026 Bronze with Victory over France

England secured third place at the 2026 FIFA World Cup after defeating France 6-4 in the third-place playoff on Saturday.

Last Update: ، 2026/07/27 Time 07:36:56
Latest News:

Yemeni Ambassador, University of Jordan President Discuss Expanding Academic Cooperation

'MASAM' Removes 5653 of Houthis-Laid Landmines, UXO In July

Al-Khanbashi Avows Support for Judicial Authority to Protect Public Funds

Prime Minister Chairs Government Meeting to Review Latest Developments, Response Plans

Yemen’s Ambassador Meets Morocco’s Minister of Solidarity, Social Integration

Spain's public deficit amounts to 2.8 percent in 2024

[27/03/2025 08:13]

MADRID-SABA
The general deficit of the Kingdom of Spain was 2.8 percent of GDP in 2024.

Spanish Finance Minister Maria Jesus Montero said Spain's public deficit amounted to 44.6 billion euros, excluding expenditures incurred in response to the crisis caused by floods that hit the province of Valencia last October, and that fiscal rules allow the exclusion of items allocated to natural disasters.

Added at a press conference today, Thursday, "The government spent 5.6 billion euros, to respond to the flood crisis that hit Valencia, bringing the public deficit to 50.2 billion euros and amounting to a total of 3.15 percent of GDP."

Spain's public deficit was 3.52 percent of GDP in 2023 and 10.1 percent in 2020 affected by the coronavirus pandemic.