Lago Peñas, Santiago

Spanish fiscal policy in an EU context: The transition back to normal

Although Spain recorded a fiscal deficit in 2022 that was worse than expected, lower extraordinary fiscal support measures, together with upside surprises in GDP and employment, make attainment of the 2023 deficit target look feasible. Going forward, any sound fiscal consolidation strategy for Spain should contemplate that the country’s high structural deficit requires gradual but unflagging and urgent correction.

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Think tank dedicado a la investigación económica y social

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