Spain: 2006 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Spain
June 14, 2006
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Spain showed strong growth performance marked by robust job creation and a solid fiscal position. Executive Directors supported the National Reform Program (NRP), which focuses on improving productivity, market flexibility, and competitiveness. They commended the appreciable fiscal surplus, pension reserve fund, and the public debt reduction. They welcomed the new Budget Stability Law (BSL), appreciated the Financial Sector Assessment Program (FSAP) assessment and the monetary stance of the Bank of Spain. They emphasized the need to regain competitiveness through the implementation of structural reforms.
Subject: Banking, Competition, Credit, Expenditure, Financial markets, Fiscal policy, Fiscal stance, Money, Public debt
Keywords: authorities' projection, Competition, CR, Credit, current account, current account data, Fiscal stance, General government balance, Global, government, government balance, government sponsorship, growth, import growth, ISCR
Pages:
61
Volume:
2006
DOI:
Issue:
211
Series:
Country Report No. 2006/211
Stock No:
1ESPEA2006002
ISBN:
9781451812145
ISSN:
1934-7685
