El cumplimiento de la regla de gasto en las comunidades autónomas

The expenditure benchmark offers significant advantages as the main instrument of fiscal oversight, but a reform of its definition and implementation is necessary in the case of the Spanish regions. Moreover, these changes should be framed within a broader reform of the national fiscal framework that ensures consistency with the European fiscal framework, enables the transposition of the new Directive on national fiscal frameworks, and addresses the weaknesses identified in the functioning of the national fiscal framework since its entry into force. This document provides an analysis of past compliance with the national expenditure benchmark by the Autonomous Communities, as well as AIReF’s forward-looking projections. It also includes a simulation of what would have happened if the national fiscal framework had been applied strictly. Finally, it examines how the national expenditure benchmark with the European one.