US EditionThe Basque Country Seals Its Path to Stability with More Debt Capacity and the Foundations for the Basque Quota.
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On the eve of the meeting between Imanol Pradales and Pedro Sanchez, an agreement has been reached in the economic field, as the heads of the Spanish Government and the Basque Autonomous Community administrations have agreed on deficit and debt limits until 2028. There will be no change in terms of percentages: as in the previous three years, the Basque Government can have a public deficit of a maximum of 0.3% of gross domestic product, and the …
The fiscal relationship between the Basque Country and the Spanish State took another step forward on Wednesday with the approval of the budget stability path for the 2026-2028 period, an agreement that consolidates the financial framework upon which the next Basque public accounts will be based. The Joint Commission of the Economic Agreement, meeting remotely, set a debt limit of 13% of GDP for the Basque Government and deficit targets of -0.3%…
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