Debt securities made up 89% of Spain’s public debt in June 2026

The stock is measured across general government

The dataset covers central, regional and local government and social security funds. It is consolidated so obligations held within that government sector do not count twice. The Maastricht measure covers currency and deposits, debt securities, and loans at face value. Source 4 Source 3

Long-term securities made up most of the securities stock

Eurostat lists €1.489 trillion of long-term securities and €82.7 billion of short-term securities at the end of June 2026. The classification follows original maturity. It does not put a multi-year bond in the short-term group merely because its repayment date is close. Source 1 Source 4

Both securities and loans grew from June 2025

Total debt rose by about €72.0 billion over the year. Securities rose by about €59.0 billion and loans by €12.9 billion. These are changes in outstanding balances. The table does not track gross issuance, refinancing, or repayment cash flows. Source 1

The debt ratio fell while the euro stock rose

Spain’s reported debt-to-GDP ratio moved from 103.2% in the second quarter of 2025 to 101.4% in the same quarter of 2026. The ratio uses GDP as its denominator. The euro balance and the ratio can therefore move in different directions. Source 2 Source 3 Source 4

Sources

• Eurostat, quarterly government debt dataset, Spain instrument series in euro millions
• Eurostat, second-quarter 2026 government debt release
• Banco de España, second-quarter 2026 general government debt
• Eurostat, quarterly government debt statistical definitions