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Fiscal deficit in 2022, although more contained than the regional average
The historical fiscal discipline of the Community of Madrid has
allowed the region to deliver a better fiscal execution than the
regional average on a consistent basis.
The lower volume of transfers from the State resulted in a
decrease in non-financial resources in contrast to the higher rate
of growth in spending, which caused the Community of Madrid to
record a deficit of 0.7% of GDP as of Dec-22 (compared to
1.1% of GDP for the regional average).
Deficit evolution by Autonomous Regions as % of GDP
■2021 end-closed 2022 end-closed
0,5
0,0
Evolution of the public deficit (% GDP)
0.3
0.0
0.0
-0,5
-0,3-0,3-0,1
-0,2
-0.4
-0.5
-0,6
-0,7
-1,0
-0.9
-1,0 -1,0
-1,5
-1,6
-2.0
-1.8 -1.8
-2.0
-2,5
-0.7
-1,1
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
■C. Madrid ■ Spain
*Year-on-year change in non-interest
income and expense as of Dec-22 (%)
11,8%
2,3%
NAV
PVA
0,1%
RIO
-1,3%
GAL
-2,2%
CNT
-3,2%
AST
■Y.o.Y. non-
financial
-3,4%
ARA
expenses (%)
-4,0%
AND
-5,4%
TOTAL
■Y.O. Y non-
-5,5%
financial income
(%)
CVA
-6,6%
MUR
EXT
-7.1%
-7.4%
MAD
CAT
-7,8%
-8,9%
CYL
CLM
-9,3%
-10,7%
BAL
CAN
-11,1%
-20%
-15% -10%
-5%
0%
5%
10%
15%
20%
Source: Ministry of Finance
*Note: Data obtained from the budget execution of the Autonomous Regions at the end of 2022..
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