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Four days after announcing the national 2014 debt figure to the world, the economy ministry has issued a correction.
"It is an erratum," an economy ministry spokeswoman said.
It turns out that Spain's public debt in 2014 is expected to be the equivalent of 98.9 per cent of total economic output, not the originally published figure of 99.8 per cent, or 1.05 trillion euros ($1.53 trillion).
The error was not due to a problem in mathematical computations. Rather, the person who typed the number just mixed up the last two digits.
The difference may seem minimal, but when dealing with an economy the size of Spain's, which is the fourth biggest in the eurozone, it is equivalent to about 10 billion euros (about $14.5 billion).
Read more here.
"It is an erratum," an economy ministry spokeswoman said.
It turns out that Spain's public debt in 2014 is expected to be the equivalent of 98.9 per cent of total economic output, not the originally published figure of 99.8 per cent, or 1.05 trillion euros ($1.53 trillion).
The error was not due to a problem in mathematical computations. Rather, the person who typed the number just mixed up the last two digits.
The difference may seem minimal, but when dealing with an economy the size of Spain's, which is the fourth biggest in the eurozone, it is equivalent to about 10 billion euros (about $14.5 billion).
Read more here.
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