Economic Reform and Fiscal Tightening Overview

Fiscal tightening in real terms Change in primary spending (y/y in real terms) 5,9% 3,3% 6,9% 6,7% 4,1% -0,8% -3,0% -8,9% -11,3% 2011 2012 2013 2014 2015 2016 2017 2018 (e) 2019 (e) 12

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