The evolution of the subnational public finances in Spain after the great recession and COVID-19 pandemic and future challenges (2008-2021),

• Mikel Erkoreka ^[1] ; Mario Kölling ^[2] ; Mireia Grau ^[3]
  1. [1] Universidad del País Vasco/Euskal Herriko Unibertsitatea

     Universidad del País Vasco/Euskal Herriko Unibertsitatea

     Leioa, España

     
  2. [2] Universidad Nacional de Educación a Distancia

     Universidad Nacional de Educación a Distancia

     Madrid, España

     
  3. [3] Institut d’Estudis de l’Autogovern

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• Localización: Revista "Cuadernos Manuel Giménez Abad", ISSN-e 2254-4445, Nº. Extra 9, 2023 (Ejemplar dedicado a: FISCAL FEDERALISM AND SUBNATIONAL FINANCE AFTER THE GREAT RECESSIOND AND COVID-19), págs. 165-184
• Idioma: inglés
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• Resumen

  • The 2008 financial crisis and the 2020 health crisis have profoundly disrupted Spain’s public finances and multi-level governance system. The aim of this article is to analyse the evolution of the regional public finances and decentralisation system in Spain during the 2008 financial crisis and the 2020 health crisis. In light of the asymmetrical funding system that governs Spain, the article analyses and contrasts the evolution of the finances and indebtedness between the autonomous communities of the common and foral regime. The article concludes that both crises have driven a process of recentralisation, reinforcing the central government’s role in fiscal and financial matters.