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Economic Policy of the Separatist Generalitat

In: The Economics of Catalan Separatism

Author

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  • Ferran Brunet

    (Autonomous University of Barcelona)

Abstract

In the context of the Generalitat’s permanent rebellion against the Spanish state, budgetary creativity has, of course, flourished. All kinds of artifice and subterfuge are employed in the separatist Generalitat's income and expenditure budgets to expand them, even when lacking finance. This fiscal-financial engineering has two consequences: the deficit (total expenditure exceeds current income) and the debt (issued to finance the deficit). Let us analyse the Generalitat de Catalunya’s debt:

Suggested Citation

  • Ferran Brunet, 2022. "Economic Policy of the Separatist Generalitat," Springer Books, in: The Economics of Catalan Separatism, chapter 0, pages 221-228, Springer.
  • Handle: RePEc:spr:sprchp:978-3-031-14451-6_36
    DOI: 10.1007/978-3-031-14451-6_36
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