The economic crisis that has already unleashed the coronavirus pandemic will have a greater impact on Spain than that estimated by the Government, with a higher deficit and a slower recovery. The Independent Authority for Fiscal Responsibility (AIReF), which today published its evaluation of the budget plan sent by the Executive to Brussels, shows that even its "most benign" forecast foresees a more complicated scenario, while in its forecast more negative the figures shoot up compared to the official ones.
The organization led by Cristina Herrero has decided to carry out various scenarios given the complexity of the crisis, something that the Bank of Spain also did, and in the first of these estimates that the deficit will skyrocket to 10.9%, above the estimate of 10.3% of the Executive. But if your second simulation is taken, the data reaches a spectacular 13.8%.
All this will directly affect the debt, which will end the year at 115%, a figure that does fully coincide with the Government's estimate, and 122%. Next year, he adds, the liability will continue to increase, a forecast that the Executive did not want to include in its stability plan.
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