The Treasury, however, must pay €53 billion ($65 billion) in bond redemptions before the end of the year, including a stiff €27 billion ($33 billion) in October.
Spain is in its second recession in three years with an unemployment rate of nearly 25 percent.
But many of its 17 regional governments are now starting to run out of money while austerity measures and labor reforms brought in to try to calm financial markets and appease EU partners are stifling the economy.
Strikes and protests have become almost a daily feature. On Friday, some 500 trains were canceled as rail workers staged a one-day strike to protest a proposed restructuring of the sector. The stoppage came at the beginning of one of Spain's biggest holiday months.
Alicia Lopez in Madrid and Barry Hatton in Lisbon contributed to this story.