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Spain | Public administrations: adjustment of the public deficit is kept in September 2015

Published on Tuesday, November 24, 2015

Spain | Public administrations: adjustment of the public deficit is kept in September 2015

The public deficit (excluding local governments) stood at 3.4% of GDP until September, which improves the figure from a year ago. Despite the good performance of the central government, the pace of adjustment does not seem enough to offset the deterioration in Social Security accounts. The probability of failing to meet year-end target is maintained

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