Spain : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

December 8, 2000

Electronic Access:

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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.

Series:

Country Report No. 00/156

Subject:

English

Publication Date:

December 8, 2000

ISBN/ISSN:

9781451812084/1934-7685

Stock No:

1ESPEA0022000

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

68

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