According to data published by the Bank of Spain, this level of indebtedness is 8.3 points below the average (20.3%) of other Spanish autonomous communities without a special regime. Over the past year, the region has seen a decrease of 0.4 points in this indicator, moving from 12.4% to 12%.
The debt ratio of the Community of Madrid is significantly lower than that of other autonomous regions such as Catalonia (27.8%) and Castilla-La Mancha (27.6%). However, four communities have a debt-to-GDP ratio below the 13% threshold (the reference value set by the Stability Law) and below Madrid's: Navarre (8.6%), Canary Islands (10.5%), Basque Country (11.4%), and Asturias (12%).
The Madrid regional government has emphasized that its expenditure control policy has been recognized by major international rating agencies such as S&P, Moody’s, Fitch, and DBRS. These agencies grant the Community of Madrid the same credit rating as the Kingdom of Spain itself.
