Nobody believes the forecasts and General State Budgets (PGE) of the Government by 2021. Neither the European Commission, nor the Bank of Spain, nor the Fiscal Authority (Airef) They have neither confidence nor do they agree on the Executive’s numbers, mainly on GDP and deficit. The setback is huge; even more so after the pomposity with which Pedro Sánchez and Pablo Iglesias communicated the project.
The macroeconomic picture of governmentExcluding the effect of the Recovery Plan, it estimates that GDP will fall this year by 11.2% and that it will rebound by 7.2% the following year; the deficit, for its part, will rise to 11.3% in 2020 and 7.7% in 2021. These are the accounts of the management of PSOE and Podemos, … See More.