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Published on Tuesday, November 22, 2016 | Updated on Friday, November 25, 2016

Spain: achievable stability target in 2016, but 2017 will require additional measures

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Summary

Budget execution data confirms the expansionary stance of fiscal policy in 2016. The new measures adopted will increase the compliance with the new target by the end of the year. However, reaching the target in 2017 will require additional actions, given the growth forecasts and the temporary impact of some of the measures taken.