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4.5.3 Public sector finances

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Question 6

Assess whether a rising fiscal deficit and national debt should be a cause for concern for the Spanish government.

Figure 1: Spain's national debt as a percentage of GDP (2005 to 2023)

YearSpain national debt, percentage of GDP
200542
200735
200953
201169
201395
2015101
201799
201998
2021118
2023107

Figure 2: Spain's fiscal deficit (-) or surplus (+) as a percentage of GDP (2005 to 2023)

YearSpain fiscal balance, percentage of GDP
2005+1.2
2007+1.9
2009-11.0
2011-9.6
2013-7.0
2015-5.2
2017-3.0
2019-3.1
2021-6.7
2023-3.6
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4.5.3 Public sector finances Questions

  1. A Level
  2. /Economics
  3. /4.5.3 Public sector finances