Spain’s budget deficit shrinks to 2.8% of GDP in 2024

Investing.com -- Spain’s budget deficit has decreased to 2.8% of the country’s gross domestic product (GDP) in 2024, down from 3.66% in 2023. This information was announced by Budget Minister Maria Jesus Montero on a Thursday.

Montero also mentioned that the deficit reached 3.15% when considering the additional expenses incurred due to the floods in Valencia in late October.

The Spanish government had anticipated concluding 2024 with a deficit of 3%. It now forecasts a further reduction in the deficit to 2.5% for this year.

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