IMF improves Spain forecast

In the latest report published by the International Monetary Fund (IMF), the Fiscal Monitor foresees that Spain’s public deficit will be reduced from the 3.9% estimated for the end of 2023 to 3% in 2024.

These projections are conditional on the progressive and planned withdrawal of aid to address the energy crisis and other control measures, as well as the continued disbursement of European recovery funds.

Regarding public debt, the organisation expects it to reach 107.28% of GDP at the end of this year and 104.7% next year. However, the document points out the importance of adopting new fiscal consolidation measures starting in 2024 to maintain this trend and continue reducing public debt levels.