The autonomous communities will triple the payment of interest on debt by 2029
The Fedea study centre calculates the increase in the financial burden since 2022, when the war in Ukraine began and the ECB started to raise interest rates.
The cost of regional debt is set to triple in less than a decade. According to projections prepared by the Fedea study center, the regions will bear a bill in interest of 11.528 billion euros in 2029, well above the 3.608 billion paid in 2022, when the Russian invasion of Ukraine triggered a global inflationary escalation to which the European Central Bank (ECB) responded by increasing the cost of money.
These higher interest rates, together with an increasingly large liability, explain this upward trajectory, the paper "Estimation of future interest expenditure on regional public debt (2022-2029)" details, published on Wednesday.
Translated by urgent.news. Machine-written — may contain errors; check the original before relying on it.
