T13 Spanish public sector

Question 1

economies (% of GDP) is

Answer 1

The weight of public expenditure in Europe and other advanced

Question 2

spain is one of the most

Answer 2

decentralized country in the world

Question 3

Currently there are 4+ levels of government in Spain,

Answer 3

European Union
Central Govt.
Autonomous
Communities
Local govts.

Question 4

effect of bank bailouts in 2012 on spanish expenditure

Answer 4

The bank bailouts led to a substantial increase in government expenditure. Spain received financial assistance from the European Stability Mechanism (ESM) to recapitalize its troubled banking sector.

Question 5

Structure of Spanish public expenditure is

Answer 5

similar to the EU patterns

Question 6

Net financial flows between spain and eu since 2014 are lower because

Answer 6

of thr fall in regional funds

Question 7

public revenue graph?

Answer 7

Public revenue / GDP ( pr down and GDP down )

Question 8

public deficit in Spain

Answer 8

high after 2008 ,the highest in ?

Question 9

In 2022 Spain registered a public debt of

Answer 9

115,9% of GDP, about 20

Question 10

increase in public expenditures=

Answer 10

increase in public revenues

Question 11

The Greek debt crisis is due to

Answer 11

the government’s fiscal policies that included too much spending.

Question 12

based on economic growth:

Answer 12

“The strategy presented in the Stability Programme is to mainly
rely on economic growth to reduce the general government
deficit throughout the programme horizon. However, in view of
the considerably higher-than-planned deficit outcome of 2015,
the programme no longer plans a correction of the excessive
deficit by 2016, as planned in the 2015 Stability Programme,
but postpones it to 2017” (2016 assesment of the Stability
Programme).

Question 13

expenditure and revenue levels

Answer 13

are below EU averages.

Question 14

National and EU budgets have very different

Answer 14

weights on the
economy, and very different distributions. The Spanish
expenditure and revenue levels are below EU averages.

Question 15

Spanish government performance “not so bad” until the

Answer 15

Great
Recession, but deficits afterwards led to noncompliance with
the Stability and Growth Pact

Question 16

reduction depend on

Answer 16

economic growth, rather than expenditure

Question 17

COVID-19 crisis created a different scenario, with

Answer 17

severe long-
lasting effects on deficit and debt.

Question 18

In the past few years, different governments let deficit
reduction depend on

Answer 18

economic growth, rather than expenditure
and/or tax changes. This has proved to be insufficient.

Question 19

Public finances have suffered the consequences of the COVID crisis
due to the fall in revenue (less economic activity) and to the
increase in expenditure (greater needs, e.g. health policy,
unemployment, etc.):

Answer 19

Public deficit increased sharply in 2020, to stand at 11% of GDP.
- Public debt increased in 2020 by more than 20 percentage
points, to stand at 120.6% of GDP.