Spain's public debt dips below 100% of GDP for first time since 2020

Spain's public debt fell to 99.9% of GDP in July 2026, down 2.4 percentage points year-on-year, marking the first time below the symbolic 100% threshold since February 2020. The government achieved its target ahead of schedule, reflecting continued fiscal consolidation. This reduces sovereign risk and supports positive sentiment toward Spanish and peripheral eurozone debt.