MADRID, 21 Oct. (EUROPA PRESS) -

The debt of all public administrations reached 1,491 billion euros in August, a new historical maximum, after growing 0.3% in the monthly rate, for which it has chained four consecutive months on the rise, according to data published this Friday by the Bank of Spain.

In the last year, public debt has grown by 5%, with 72,029 million euros more, as a result of lower income and higher expenses derived from the pandemic crisis and more recently due to the war in Ukraine.

The increase in debt in August is mainly due to the growth of State debt, which has had to assume an extra spending effort due to the impact of the crisis, as well as that of the autonomous communities.

On the contrary, the city councils saw their indebtedness slightly reduce during the month of August and the Social Security administrations kept it stable.