At the end of the 1^st quarter of 2026

Gross debt of the Regional Public Administration stood at 4 843.3 million euros

At the end of the 1^st quarter of 2026, the gross debt of the Regional Public Administration (RPA) stood at 4 843.3 million euros, having increased by around 11.2 million euros (+0.2%) compared with the end of the previous quarter and declined by 156.9 million euros (−3.1%) compared with the same quarter of the previous year. This year-on-year decrease is partly the result of the effective repayment of debt using the Region's own revenues, which took place at the end of 2025.

Looking at the evolution of the composition of gross debt by financial instrument, in the 1^st quarter of 2026, loans accounted for 35.8% (38.8% in the same quarter of the previous year) and securitised debt accounted for 64.2% (61.2% in the 1^st quarter of 2025).

The breakdown of debt by issuing sector shows that the Regional Government was responsible for 97.8% (97.1% in the same quarter of the previous year) of total debt, while Public Enterprises classified within the RPA perimeter accounted for 2.2% (2.9% in the 1^st quarter of 2025).

Net debt of deposits stood at around 4 526.9 million euros

At the end of the 1^st quarter of 2026, net debt of deposits stood at around 4 526.9 million euros, having decreased by around 60.6 million euros (−1.3%) compared with the end of the previous quarter, and by 111.6 million euros (−2.4%) compared with the same quarter of the previous year.

Notes:

Public debt (Maastricht definition/perspective)

Public debt in the Maastricht definition/perspective corresponds to the relevant definition of debt of Public Administrations in the context of European budgetary supervision. It is a concept of consolidated gross debt valued in nominal terms. This concept differs from the total stock of liabilities defined in the SEC, both in terms of the instruments accounted for and in terms of valuation criteria. It is a less comprehensive concept that does not include, among other financial instruments, stocks and other participations, financial derivatives, or other debts/credits, particularly commercial debts. This concept of debt adopts nominal value as the valuation rule, meaning the amount that the public administration (issuer/debtor) is obligated to repay at the end of the contract. The limit established in the annexed protocol to the Treaty on the Functioning of the European Union is 60% of GDP.

Net Debt excluding Deposits

Net debt excluding deposits corresponds to Gross debt (Maastricht debt), subtracted by deposits in resident banks.

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