Spanish budget deficit, 3Q2012

From time to time I visit the page where the internal comptroller in Spain posts its budget deficit figures. Last week there was a link to the calendar of future publications. The calendar was last updated past September, and didn´t show anything for 2013. Usually at the end of January appears 3rd quarter budget deficit. So when January ended with no new data, I knew the figures would be bad.

And they are terrible.

Take this document, and sum up deficit for the first three quarters of 2012.

13,991+31,176+20,169=65,336

Now take the data for the GDP

258,537+269,169+252,753=780,459

And now get the percentage.

Budget deficit for 3Q2012 was 8.37%. Down from 8.54% 2Q2012. And a commitment of 6.3% in Q42012

Austerity.

Yes, I know I wrote central government budget deficit was going great. I don´t what have happened. Maybe financial institutions help. Probably regional deficit. Who knows.



First published here