According to analyst estimates, Current transfers would be the ones with the greatest real fall, of order of 14%. This item is followed by “capital transfers, the operating deficit of public companies and spending on goods and services, with real falls of 9.3%, 7.3% and 2.1%, respectively. , real direct investment (21.7%) and social security benefits (3.4%) would grow in real terms,” they stressed.
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By combining a real drop in the size of spending and a real rise in GDP, we have that “the relative weight of spending would fall again in 2023.”
Indeed, primary spending would go from the expected 20% of GDP this year to 18.8% of GDP next year. As a result of the rise in the relative weight of debt interest, total spending would fall by 1% of GDP, the report concludes.
Source: Ambito
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