Spain Fiscal


Spain: Central government approves regional spending plans

May 18, 2012

On 17 May, Spain approved spending plans for 16 of the country's 17 autonomous regions. Under the agreement, regional governments have committed to implementing fiscal consolidation measures of EUR 18.3 billion, which will be achieved by cutting expenditures by EUR 13 billion while increasing revenues by EUR 5.3 billion. Asturias


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Note: Annual public debt and fiscal balance as percentage of GDP.
Source: National Statistical Institute (INE) and FocusEconomics Consensus Forecast.

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