In the second quarter of the year, the debt of Spain's autonomous communities decreased to 20.4% of the gross domestic product (GDP), representing a decline of 0.5 percentage points compared to the same period in the previous year. Despite this reduction in the debt-to-GDP ratio, the total nominal volume of debt reached a record high of 355.241 billion euros.
This nominal figure reflects a 3.8% increase in total debt compared to the second quarter of the prior year. The data highlights a divergence between the relative weight of the debt within the national economy and the absolute value of the financial obligations held by the regional governments.
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