Lago Peñas, Santiago

Regional government debt: Recent trends and outlook

Despite having one of the most advanced fiscal rule frameworks in Europe, Spain remains the OECD country where regional governments’ debt has grown the most since the Great Recession. Even in the context of more difficult financing conditions at present, it will be important to address existing challenges to the extraordinary regional financing mechanisms, while adapting the current fiscal stability framework to the new European rules.

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Funcas

Think tank dedicado a la investigación económica y social

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