Spain | Regional finances in 2024 and between 2003 and 2024

Summary

This Working Paper analyzes the trend in regional revenues and expenditure, including the sector’s budget balance and its debt position from 2003 through to the present day.

Key points

• Key points:
• The analysis takes the 2003 financial year as its starting point because this is the first year in which all the autonomous regions of Spain were responsible for managing their health care system for the whole year.
• Section 2 describes the data used and the adjustments made in each case, and discusses certain aspects of the mechanics of the Regional Financing System (SFA) that help to understand the sometimes peculiar trend in regional revenues and expenditure.
• Sections 3 and 4 analyze the trend in these two variables, the sector’s budget balance and its stock of debt, working with aggregate data and paying closer attention to recent years.
• Section 5 works with disaggregated data at the regional level, revealing the immense diversity of experiences that exist between the various regions.

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