Luis M Linde: Spain's current macroeconomic setting and economic outlook

Testimony of Mr Luis M Linde, Governor of the Bank of Spain (until 11 June 2018), before the Senate in relation to the draft State Budget for 2018, Madrid, 29 May 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
10 July 2018

Ladies and gentlemen,

I appear before you today as part of the Senate's debate and approval process for the State Budget for 2018.

Allow me to begin by reviewing the current international economic setting of the Spanish economy and its outlook. I shall then refer to the main aspects of this draft Budget. To conclude, I will mention what, in my opinion, are the main challenges for fiscal policy in Spain in the coming years.