Spain's public deficit amounts to 2.8 percent in 2024

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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.