How Appropriate is the Spanish Government’s 2021 Budget Proposal?
Report
How Appropriate is the Spanish Government’s 2021 Budget Proposal?
30 mins.
29 OCTOBER, 2020
ANALYSTS:
Leopoldo Torralba
Torralba
Ignacio de la Torre
de la Torre
CATEGORIES:
Macro Spain Spain AER España AER GlobalShare post
The Government has recently approved an unprecedented State General Budget Bill Proposal (PGE 21), which will be sent to the Spanish Congress and is expected to be approved by January 2021. Given the extreme situation Spain is undergoing as a result of the coronavirus crisis, this budget is crucial for the future. Analysing it is a complex task given the many associated distortions.
What are the key aspects of the PGE 21 proposal?
What could be the actual effects of the proposed tax increases, the feasibility of the expected revenue collection, the suitability of expenses and the estimated deficit?
What is the potential impact of elections going forward?
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