Impact of COVID-19 on Spain’s deficit and debt: Greater than initially expected
Desiderio Romero-Jordán and José Félix Sanz-Sanz
Public finance, Debt, Deficit, COVID-19
COVID-19 has resulted in a series of downward revisions of Spain’s economic forecasts, with current projections indicating a sharp rise in both the government deficit and stock of debt. As a result, it could take Spain until 2050 to bring public debt below 60% of GDP.