PHOTO
The Four Towers business district skyline is seen at sunset in Madrid, Spain November 18, 2017. Paul Hanna, Reuters Image for illustrative purpose
Spain's public debt ended the first quarter at the equivalent of 117.7% of gross domestic product, the Bank of Spain said on Tuesday.
Spain's debt-to-GDP ratio at the end of March was slightly lower than the 118.7% registered in late December and below the 121.8% at the end of the third quarter of 2021, the central bank said.
The government expects the debt-to-GDP ratio to fall to 115.2% by the end of this year.
(Reporting by Joao Manuel Mauricio in Gdansk, editing by Inti Landauro)
