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October 9, 2023
Pro-cyclical policies and threats to the viability of the eurozone are two obstacles that are best avoided as we move forward. What’s left of the fiscal consolidation process is certainly significant and there should first be a consensus on how best achieve it.
October 14, 2022
In 2022, the support measures put in place by the government in a bid to combat rising energy prices are expected to reach 16 billion euros, or around 1.3% of GDP. Despite this, the imbalance in the public accounts is following a similar path to its trend in 2019, when it ended the year at 3% of GDP.
August 2, 2022
The Ministry of Finance estimates that the loss of revenue collection from excise taxes on fuels will be around MXN 421,600 million (1.5% of GDP) and oil-related income will be MXN 368,710 million (1.3% of GDP) above budget. Consequently, this windfall income will not be enough to compensate the revenue loss of the former.
July 18, 2022
While real-time indicators of GDP growth in Spain point to an acceleration in the second quarter compared to the first, uncertainty has increased significantly due to the risk of an international recession.
May 12, 2022
In March 2022 the historic balance of public sector borrowing requirements (HBPSBR) was 46.8% vs. 50.0% of GDP in December 2021. The reduction in such balance was due to the fall of 1.7 and 1.5 percentage points of GDP in the internal and external debt component, respectively.
February 4, 2022
In December 2021 the historic balance of public sector borrowing requirements (HBPSBR) was 50.3% vs. 51.7% of GDP in December 2020. The reduction in such balance was due to the fall of 1.6 percentage points of GDP in the external debt component. In contrast, the domestic debt element increased by 0.2 percentage points.
November 10, 2021
In September the historic balance of public sector borrowing requirements (HBPSBR) was 48.4% vs. 52.4% of GDP in December 2020. Among other reasons, the GDP growth forecast for 2021 significantly contributed to the reduction in the HBPSBR between December 2020 and September 2021.
August 16, 2021
In June the historic balance of public sector borrowing requirements (HBPSBR) was 47.3% vs. 52.4% of GDP in December of 2020. Among other reasons, the GDP growth forecast for 2021 significantly contributed to the reduction in the HBPSBR between December 2020 and June 2021.
July 9, 2021
This article assesses the contribution to financial and social sustainability, of the draft bill covering the recent agreement on pensions reached between the government, unions and employer organizations.
