Deterioration in Spain’s public finances in the wake of COVID-19

Deterioration in Spain’s public finances in the wake of COVID-19

Fecha: mayo 2021

Desiderio Romero-Jordán, José Félix Sanz-Sanz

Public Finances, COVID-19

SEFO, Spanish and International Economic & Financial Outlook, V. 10 N.º 3 (may 2021)

The spike in Spain’s deficit in 2020 was the result of higher spending and lower tax revenue due to the COVID-19 pandemic. Although the overnment is forecasting smaller deficits in the coming years, Spain lacks a credible deficit consolidation plan.

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