Banco de España: General government debt under the Excessive Deficit Procedure (EDP)
13 December 2024
The general government debt referred to in the EDP (government debt under EDP) amounted to €1,522,175 million at the end of the third quarter of 2024, which represents a year-on-year variation of -0.8%. As a percentage of GDP, EDP government debt stood at 99.1%, 0.5 percentage points lower than in the previous quarter and 10.0 percentage points lower than one year ago.
In turn, and taking into account the adjustments made by the European Commission, the debt considered within the EDP would have closed the third quarter of 2024 at €1,447,420 million, which accounts for 93.6% of GDP, 0.6 percentage points less than in the previous quarter.
The EDP sets out the procedures to be applied where there is an excessive general government deficit and/or an excessive level of general government debt.
The end-of-quarter EDP debt corresponds to the sum of the consolidated debt of the State, regional governments, local governments and Social Security, as well as the estimated amount for the Bank of Spain’s capital subscription to the ECB, the adjustment of the debt from the application of “Maastricht” criteria, and a series of statistical adjustments.
The annual EDP debt corresponds to the sum of twelve monthly data for the consolidated debt of the State, regional governments, local governments and Social Security.
The debt data for the State, regional governments, local governments and Social Security correspond to the Working Group of Debt Statistics (GEEDE) statistics published by the Bank of Spain.
Banco de España: General government debt under the Excessive Deficit Protocol (EDP).
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