Spain: Selected Issues

December 8, 2000

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Format: Chicago

Spain: Selected Issues, (USA: International Monetary Fund, 2000) accessed November 21, 2024

Summary

The general government in Spain is composed of the State (central) government, the social security system, 17 regional governments, and a very large number of municipalities. Over the last several years, motivated in part by a desire to qualify for participation in Stage 3 of monetary union, the Spanish authorities have achieved impressive fiscal consolidation. Between 1995 and 1999, for example, the deficit of the general government has fallen by 5.5 percent of GDP, from about 6.5 percent to about 1 percent, and the authorities aim at achieving overall fiscal balance next year.

Subject: Expenditure, Pension spending, Personal income tax, Revenue administration, Social security contributions, Taxes

Keywords: Capital expenditure, Central government, Country, CR, Deficit, Europe, Expenditure policy, Government, ISCR, Labor market, Output gap, Pension spending, Personal income, Personal income tax, Public expenditure, Reserve fund, Social security contributions, Spain

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2000/156
Stock No:

1ESPEA0022000
ISBN:

9781451812084
ISSN:

1934-7685

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