It is almost a given that the Minister of the Treasury, who in this case is Juan Alfonso Ruiz Molina, has many headaches. And even more so at this time when he has to balance the budgets for next year. But if there is something that he does not have to worry about right now, it is the short-term debt maturities, since they are really few compared to the total volume of debt that the Board has. Of the total loans that the regional Administration has with financial institutions, which amounts to 3,615 million, 97 percent are long-term. They total 3,511 million. There is a small amount of 104 million short-term loans.
The data corresponds to the end of the second quarter of 2023 and was published this week by the Bank of Spain. As a whole, the regional Administration has a debt that amounts to 15,839 million euros, which is 265 million more than the previous quarter. Of this entire amount, loans with financial institutions, that is, with banks, do not even reach a quarter. They represent 22 percent of the total. And the largest volume of Castilla-La Mancha’s debt is in the hands of the State. Specifically, there are 11,363 million euros that come from the FLA, the Autonomous Liquidity Fund, a mechanism of the Government of Spain to provide financing to the autonomous communities. That is, the State is the creditor of 71 percent of the debt that Castilla-La Mancha has. There is also an amount of 483 million euros in debt securities such as bonds, debentures, etc.
The 15,839 million euros of Castilla-La Mancha debt represent the historical maximum recorded in the last twenty years, although it must be taken into account that since 2020 it has surpassed the 15,000 million barrier and has more or less remained stable. Well, it has not yet reached 16,000 in these three years. It may not arrive in the future either, since in the budgets that Ruiz Molina is preparing for 2024 the objective of having a zero deficit has been set. Furthermore, as the economy grows, the weight of debt as a proportion of GDP is falling. It has remained at 32.1 percent.
2023-10-02 05:01:57
#loans #Board #longterm
