Spain targets 2.1% budget deficit for 2026, 1.8% for 2027

Investing.com -- Spain is aiming for a budget deficit of 2.1% of its gross domestic product (GDP) in 2026, Economy Minister Carlos Cuerpo announced on Tuesday.

Cuerpo also revealed that the deficit target for 2027 would be further reduced to 1.8% of GDP.

These fiscal targets exclude billions of euros in additional reconstruction spending that will be needed following the catastrophic flash floods that struck the Valencia region last year.

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