By IANS/EFE,
Madrid: Spain’s outstanding government debt rose 33.9 percent and totalled 461.99 billion euro ($619 billion) at the end of 2009, official statistics have said.
The sharp rise in public debt was a result of programmes created to stimulate the economy and deal with the severe recession, the country’s central bank, Banco de España, said Monday.
Net debt issuance totalled 116.88 billion euro ($156.6 billion) in 2009, well above the 51.75 billion euro (slightly more than $69.35 billion) in debt issued in 2008.