Public deficit
Public deficit latest publications
Filter all of our publications to find the ones you are most interested in by content language, date, geography and/or topic.
Sort our publications chronologically from newest to oldest, regardless of geography and/or topic matter.
Sort publications according to the number of time reads by our users, regardless of geography and/or topic matter.
May 11, 2020
China's Arsenal in the Face of Global Recession
COVID-19 is pushing the world economy toward a deep recession that could endure in the long-term. To support the economy, the Chinese authorities have approved various fiscal and monetary policy tools that are suited to the current circumstances.
- Types of files Downloads:
- Files
April 16, 2020
What’s in China’s policy arsenal to counter global recession?
This report analyzes the possible monetary and fiscal policy tools in front of the global economic recession led by COVID-19. We believe that fiscal policy should play a leading role. Regarding monetary easing, the interest rate cut progress should be more conservative while liquidity management should be enhanced.
- Types of files Downloads:
- Files
March 27, 2020
The Macroeconomic Impact of Coronavirus and Stabilization Policies in Spain
In this Economic Watch we present different growth scenarios for the Spanish economy in 2020 under diverse assumptions and hypotheses, and evaluate the potential effects of the economic policy measures recently adopted by the Spanish government to mitigate the economic consequences of COVID-19.
- Types of files Downloads:
- Files
February 27, 2020
Fiscal Consolidation: A Demanding Challenge
Predictably, Spain closed 2019 with a public deficit that was closer to 2.5% of GDP than to 2%, meaning little change in comparison with 2018. This almost complete lack of improvement means that fiscal consolidation efforts will be carried over to this year.
- Types of files Downloads:
- Files
January 17, 2020
Reforms to Boost Prosperity
The Spanish economy is suffering a double impasse. Politically, although a government has just been formed, it is difficult to anticipate what support it will have for approving new general budgets and legislative initiatives that provide a new momentum for reform. Economically, GDP has slowed.
- Types of files Downloads:
- Files
February 22, 2019
Spain | 2019-20: stability goals that are tough to reach
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.
- Types of files Downloads:
- Files
November 19, 2018
Spain | Uncertainty over 2019 fiscal policy
The cyclical recovery of revenues favours the adjustment of the public deficit, despite the expansive and procyclical tone of fiscal policy in 2018. In a scenario without any changes in fiscal policy, the 2019 deficit would be reduced to 2.2% of GDP. The measures presented in the Budget Plan give rise to further doubts about the achievement of the stability objective.
- Types of files Downloads:
- Files
July 30, 2018
Spain | The expansive measures will offset the cyclical recovery of the deficit in 2018
The data for the first quarter shows a slight increase in the public accounts. This rate of improvement does not seem sufficient to offset the expansive bias of fiscal policy. This would mean a slowdown in the process of reducing the deficit and the public debt, which increases the vulnerability of the Spanish economy in the medium term.
- Types of files Downloads:
- Files
July 23, 2018
A pro-cyclical fiscal policy
One of the most important public services provided by the State is to insure against risks. Access to education, health care or unemployment benefits means that, during a recession, the most vulnerable households do not reduce their consumption as much. In addition to giving people stability, fiscal policy also allows smoothing of the economic cycle.
- Types of files Downloads:
- Files