Spain and Brazil report economic growth and fiscal improvements

Spain’s public debt fell below the 100% GDP threshold in July 2026 for the first time since February 2020, according to the Bank of Spain. The debt-to-GDP ratio reached 99.9%, a decrease of 2.4 percentage points compared to the previous year. This reduction is attributed to resilient economic growth and controlled deficits under Prime Minister Pedro Sánchez’s administration.

In Brazil, the administration of President Luiz Inácio Lula da Silva has implemented policies focused on fiscal responsibility and social justice. Following a period of economic instability, the government has increased transparency, expanded social policies, and rescinded tax breaks for large corporate groups. These measures have coincided with record-low unemployment rates and rising household incomes.

Both nations are cited as examples of progressive economic models achieving growth and fiscal stability. Spain has maintained one of the highest growth rates among major advanced economies for three consecutive years, while Brazil has seen millions of citizens move out of poverty.