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Spain to start reducing debt-to-GDP ratio in 2021, Economy Minister says

14 Jan 2021 / 21:08 H.

    MADRID, Jan 14 (Reuters) - Spain expects to start reducing its deficit and debt-to-GDP ratio in 2021, Economy Minister Nadia Calvino said on Thursday, thanks to an expected economic rebound from 2020's coronavirus-induced slump.

    In the third quarter Spain's debt-to-GDP ratio reached 114.1% from 97.5% a year earlier as spending rose dramatically to cushion the blow from the pandemic, while revenue fell.

    (Reporting by Inti Landauro, Editing by Nathan Allen)

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