Public finance

Analysis of the state of the public finances at the central and regional government levels.

Trend in the public deficit and the main subsectors through the prism of the outlook for compliance with the various stability targets. Regularly updated research coverage of all the regional governments, addressing different topics (regional economy, sources of financing, budgets, indebtedness, and  public bodies). Recurring and ongoing coverage of the activity of the agents that lend to Spain’s authorities (national and subnational) by buying bonds issued or lending money. We periodically organise “Public Finance Seminars” with the main regional and provincial authorities, the major city councils and all the regional governments to provide insight into the economic and financial environments and go over the matters of greatest relevance to financial policy (budget stability, sustainability, economic development, etc.)

• Research reports.
• News (with a focus on ratings developments and regional government financing transactions)
• External documents.
• Seminar documentation.

Databases tracking budget information and financial/economic indicators.

Up-to-date database containing relevant information for tracking the regional governments’ credit metrics.

• Economic indicators.
• Aggregate and regional government-specific budget indicators.
• Sources of financing (advances from state, settlements, common revenue sources)
• Indebtedness (financing structure and needs, solvency indicators, primary markets, etc.)