Public spending cuts in Spain have been more severe in those areas under the control of regional governments
Jacint Jordana
Abstract
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Jacint Jordana
Abstract
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Spain has pursued an austerity programme as part of its response to the financial crisis. Jacint Jordana compares spending cuts in areas under the control of regional governments, including the bulk of health and education spending, with areas controlled at the national level, such as pensions and welfare. He argues that due to a 2009 law on decentralised public finances, and the difficulty regional governments have in accessing credit, spending cuts have been far more severe in areas controlled by regional governments.
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Spain has pursued an austerity programme as part of its response to the financial crisis. Jacint Jordana compares spending cuts in areas under the control of regional governments, including the bulk of health and education spending, with areas controlled at the national level, such as pensions and welfare. He argues that due to a 2009 law on decentralised public finances, and the difficulty regional governments have in accessing credit, spending cuts have been far more severe in areas controlled by regional governments.
Key concepts: Austerity, Public spending, Economic policy, Control (management), Welfare, Health spending, Financial crisis, Economics