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)