budget

Spanish Politics 1st June 2018

If The New Spanish Government Complies With General Budget, Economic Growth Should Not Be Derailed

In Spain today all eyes will be on the voting on the no-confidence motion which we expect will be successful. Unless current Prime Minister Mariano Rajoy decides to resign ahead of the vote. So everything points to PSOE leader, Pedro Sánchez, becoming the new Prime Minister. It looks like he will not propose new elections immediately, which we believe will prolong the political instability in the country.

Spanish economy 24th May 2018

Going Around In Circles With Budgetary Stability

For a long time, Spain has had a “debt pending” in terms of budgetary stability. And, for the time being, the current scenario leads us to think that balancing the public finances is a difficult objective to achieve in the medium-term. Added to that problem is the high level of government debt.

Mr Rajoy's government has to approve Spanish 2018 budget

Spanish economy 30th April 2018

Spanish 2018 Budget: Subject To A Raft Of Doubts

The 2018 budgets predict very optimistic increases in revenues (+6% in some taxes). But there is no real risk of non-compliance if spending remains tightly controlled.

The Catalan crisis will prevent the Spanish budget from being approved

Spanish economy 13th April 2018

High Risk Spanish Budget; The Political Crisis Dominates Everything

It’s almost certain that the Catalan crisis will prevent the Spanish budget from being approved, which will be a blow to political stability and the duration of the current legislature.

In Europe 29th March 2018

Budget Balance In France And The ‘Funding Pot’

Robust economic growth in France in 2017, coming in at 2%, helps ease the restrictions on public finances. The other point worth noting is that the government must use surplus income, or what is known in France as the ‘funding pot’, to rebalance public finance rather than embark on fresh spending measures if it really wants to prove its commitment on public finances.

Spanish economy 26th February 2018

Spain is better off without a new budget

Many argue that Spain lacks a proper government, with the one in office proving unable to secure parliamentary backing for the 2018 general budget.

Spanish economy 23rd November 2017

Brussels Approves Spain’s Budget Extension Despite Non-Compliance On 2018 Deficit Target

The European Commission determined on Wednesday that the draft of Spain’s budget for 2018 sent by the Spanish government “complies in general terms” with the criteria established in the Stability and Growth Pact. Despite the fact the public deficit will exceed the target agreed on for next year.

Spanish economy 24th April 2017

Spain’s 2017 Budget Leaves Little Room For Manoeuvre

Spain’s 2017 budget leaves little room for manoeuvre. It represents exactly 39%, the percentage the state can freely make decisions on what do with from what it raises and borrows. It shows that, despite the fact the economy is doing well, we have a lot of problems.

Spain´s public deficit in 2017 was the highest in the EU

In Europe 26th January 2017

Spain Is No Longer A Problem For Europe: There Are Other Fronts Open

The euro’s fourth biggest economy will not be the protagonist in long economic debates in 2017. Spain’s deficit and its domestic politics are no longer a concern for Brussels, now focused on the Brexit negotiations and worried about the complicated elections cycle in various countries.

Spanish economy 24th November 2016

Spain Budget Continues To Miss Opportunities

Rajoy’s minority government will face the first big challenge of its new term in office with the presentation of the 2017 State Budget. This could be a good opportunity to start from scratch and implement much needed reforms.

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