Catalan Government debt hits 90 billion euros amid financial constraints

Breaching deficit targets prevents the Generalitat from issuing bonds, forcing reliance on private bank loans for infrastructure.

Generic image of the facade of the Palau de la Generalitat in Barcelona.
IA

Generic image of the facade of the Palau de la Generalitat in Barcelona.

The Government of Catalonia ended 2024 with a total debt of approximately 90 billion euros, representing 29.7% of its GDP, well above the 19.5% limit established by central authorities.

Due to non-compliance with fiscal targets set by the Economic Affairs Delegate Committee (CDAE), the Generalitat is currently unable to issue fixed-income assets. This financial situation limits the resources available for critical sectors such as Rodalies trains, housing, and healthcare.

"It is time to turn good wishes for the country into real commitments."

President of the Generalitat · Head of Government
Data from the Barcelona Chamber of Commerce highlights a growing maintenance deficit in the road network, which has risen to 13.941 billion euros. Experts suggest these imbalances are structural due to an insufficient financing model for modern welfare needs.
To manage the deficit, the Catalan Government has secured 292.75 million euros in bank loans. Additionally, it refinanced 3.5 billion euros of debt previously held by the Autonomous Liquidity Fund (FLA), shifting the debt from the Spanish State to private banks.