Madrid, December 15 – The Community of Madrid has achieved the lowest debt-to-GDP ratio among all Spanish regions without a special fiscal regime in the third quarter of this year. The latest data published today by the Bank of Spain confirm a debt of 11.5%, which is 8.9 points below the national average of 20.4%.
Significant Debt Reduction Over 12 Months
In the last twelve months, the region’s debt-to-GDP ratio has seen a reduction of 0.4 points, decreasing from 11.9% to 11.5%. Compared to the second quarter of 2025, the reduction was seven tenths of a point. Furthermore, Madrid’s ratio is three tenths lower than that of the Basque Country, despite the latter benefiting from an exclusive economic agreement.
Madrid’s Debt Significantly Lower Than Other Regions
In comparison to other regions, the Community of Madrid’s indebtedness is 17 points and 2.5 times lower than that of Catalonia (28.4%) and Castilla-La Mancha (28.5%). In monetary terms, this represents 51.240 billion euros less than Catalonia’s debt.
Public Spending Control and Rating Agency Recognition
The effective control of public spending is a key factor contributing to this achievement. This fiscal discipline has been acknowledged by major international rating agencies such as S&P, Moody’s, Fitch, and DBRS, which have equated Madrid’s credit rating with that of Spain.
This sustained effort in managing public finances underscores the region’s commitment to economic stability and prudent financial policies. The positive trend in debt reduction highlights the effectiveness of the strategies implemented by the regional government.
The continued focus on fiscal responsibility is expected to further strengthen Madrid’s economic position and enhance investor confidence in the region.
Source: https://www.comunidad.madrid/noticias/2025/12/15/comunidad-madrid-region-espanola-regimen-comun-menor-deuda-tercer-trimestre
