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Published on Friday, February 22, 2019 | Updated on Friday, February 22, 2019

Spain | 2019-20: stability goals that are tough to reach

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Summary

The expansionary spending measures in 2018 have had a detrimental effect on the primary structural balance, leading to non-compliance with the stability goal for the third time in the last five years. In a scenario with no changes to fiscal policy, the deficit will not fall below 2% of GDP at the end of the 2019-2020 period.