Close panel

    Searcher

    Public Administrations

    Public Administrations latest publications

    Filter publications

    July 26, 2022

    Spain | Fiscal Watch 3Q22

    Sound budget execution data introduce positive biases on the deficit forecast in 2022, while the slowdown in activity in 2023 will dampen the cyclical recovery of the government balance. Deficit projections are revised to 5.5% of GDP in 2022 and 5.4% in 2023.

    Share on Social Media Other tools

    May 9, 2022

    Spain | Recovery without a structural reduction of the public deficit

    The forecasts of the Stability Program point to a fairly strong recovery, with GDP growth above potential, but the public accounts suggest a cyclical improvement of the deficit rather than its structural component.

    Share on Social Media Other tools

    April 22, 2022

    Spain | Fiscal Watch 2Q22

    2021 closed with a deficit of 6.8% of GDP, the same as estimated three months ago. The invasion of Ukraine and measures to mitigate the rise in energy prices slow down the adjustment, and the deficit is expected to fall to 6.0% in 2022. In 2023, the deficit would fall to 4.6% of GDP.

    Share on Social Media Other tools

    January 28, 2022

    Spain | Fiscal Watch 1Q22

    The latest budget execution data lead to a revision of the deficit to 6.8% in 2021 and 4.8% in 2022. In 2023, the cyclical recovery of activity will favour the correction of the public deficit to 3.0%. Implementation of the Recovery Plan remains sluggish, and support will take time to reach households and firms.

    Share on Social Media Other tools

    December 20, 2021

    Spain | Assuring the sustainability of Social Security

    One of the roles of Social Security is to provide insurance in the form of retirement pensions. Society is faced with the challenge of ensuring that Social Security provides this social policy through a sustainable and adequate pension system.

    Share on Social Media Other tools

    November 2, 2021

    Spain | Fiscal Watch 3Q21

    Good budgetary implementation data introduce positive biases on the deficit scenario, and the forecast is revised to 7.0% of GDP in 2021 and 5.0% in 2022. The expected impact of the Recovery Plan in 2021 is downgraded and carried forward to the following years.

    Share on Social Media Other tools

    July 26, 2021

    Spain | Fiscal watch 3Q21

    Positive development on tax collection and a lower impact of the pandemic introduce biases in the deficit forecasts, which are revised to 7.7% of GDP in 2021 and 5.5% in 2022. The approval of the Recovery Plan and the suspension of fiscal rules anticipate that fiscal policy will remain expansionary.

    Share on Social Media Other tools

    April 28, 2021

    Spain | Fiscal watch 2Q21

    The 2020 health crisis resulted in a large deficit of 10.1% of GDP and pushed public debt up to 120%. Going forward, fiscal policy will be conditioned by the suspension of fiscal rules and the arrival of Recovery funds, which suggests that it will remain expansionary.

    Share on Social Media Other tools

    See more