When Spain closed the year of the pandemic with one of the highest public deficits (the difference between revenue and expenditure) in the European Union, doubts about how it would address the situation outweighed certainties. Five years later, it can be said that these doubts have begun to fade. Between 2020 and 2024, in absolute terms, the State has offset the negative fiscal balance of all administrations by almost €70 billion. Thus, from a deficit of 9.9% of GDP recorded in 2020, it has fallen to a deficit of 2.8% of GDP in 2024. "This demonstrates the effectiveness of the Spanish government's economic action and fiscal policy," argued the First Vice President and Minister of Finance.