IMF Staff Country Reports

Spain: Selected Issues

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. 2000/156

Subject:

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