Spain’s fiscal context: A regional perspective

Spain’s fiscal context: A regional perspective

Fecha: noviembre 2020

Santiago Lago Peñas

Regional finance

SEFO, Spanish and International Economic & Financial Outlook, V. 9 N.º 6 (november 2020)

While the Spanish general government deficit is forecast at 12.4% this year, the regional governments posted a surplus during the first eight months of the year. However, the regional governments’ finances will experience greater pressure in the following years, necessitating reform of both the regional financial system and Spain’s overall tax system.

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