Assessment by the Fiscal Council: Assessment of the draft 2026 Annual Progress Report
Fiscal trends in 2025 diverged from fiscal sustainability due to exceptionally high expenditure growth. The cumulative deviation from the commitments set out in the medium-term fiscal-structural plan remained within the threshold, but only because of using up the fiscal space created in 2024. Projections by the Fiscal Council and the Ministry of Finance suggest that […]
Fiscal trends in 2025 diverged from fiscal sustainability due to exceptionally high expenditure growth. The cumulative deviation from the commitments set out in the medium-term fiscal-structural plan remained within the threshold, but only because of using up the fiscal space created in 2024. Projections by the Fiscal Council and the Ministry of Finance suggest that […]