The Airef urges a reduction in structural spending in light of non-compliance with the fiscal plan committed to Brussels
The Independent Fiscal Responsibility Authority (Airef) estimates a 5.7% growth in primary spending until 2028, compared to the 3.2% committed to Brussels. It raises its growth forecast for the economy to 2.6% for this year and 2.2% for next year.
The Independent Fiscal Responsibility Authority (Airef) estimates that Spain's primary expenditure will grow by 5.7% until 2028, exceeding the 3.2% committed to Brussels. The authority has raised its growth forecast for the economy to 2.6% this year and 2.2% next year. Airef warns that Spain's fiscal plan commitments to Brussels are drifting away and recommends that the Ministry of Finance, led by Arcadi España, define a complete fiscal strategy compatible with European commitments.
The authority's projections indicate a accumulated deviation above the flexibility margin, and it suggests that regions at risk of non-compliance avoid adopting measures that increase primary net expenditure.
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