The net lending of the economy stood at 1.2% of the Gross Domestic Product (GDP) in the year ending in the first quarter of 2018, identical to the result observed for the previous quarter.
By institutional sector, the household sector showed a slight decrease in the balance from 1.4% to 1.3% of GDP in the year ending in the first quarter of 2018. Current savings decreased as a result of an increase in disposable income below that of final consumption expenditure.
General Government (GG) net borrowing fall to 0.7% of GDP, compared to 3.0% in the previous quarter (0.9%, excluding the impact of the recapitalization of Caixa Geral de Depósitos in the first quarter of 2017).
Taking into account quarterly figures and not the year ending in the quarter, the GG balance stood at -434.3 million euros in the first quarter of 2018, corresponding to -0.9% of GDP.