Editorial: El País

• The government announced key figures for public finance over the next three years in terms of expected economic growth, maximum spending limit, and deficit reduction targets.
• The government has increased the growth forecast for 2024 and increased the maximum spending limit for 2025.
• Administrations will need to reduce the deficit next year to 2.5% of GDP.
• Spain's economic growth for 2024 is estimated at 2.4% or 2.5%, almost triple that of the eurozone.
• If the projections are met, debt and deficit reduction should coincide with continued stimuli to reinforce the welfare state.
• The effectiveness of these measures depends on improvements in productivity, surge in investments, activity in the external sector, and labour market enhancements.

Conclusion: The Spanish economy shows solidity in its projections with an increase in growth forecast and deficit reduction estimates. Although there are future challenges, such as ensuring the strengthening of the Welfare State and timely approval of the general budgets.

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