The Independent Authority for Fiscal Responsibility (AIReF) endorses the forecasts accompanying the draft budget of Navarre for 2025. This region presents growth estimates in the Gross Domestic Product (GDP) in volume terms, the GDP deflator, and employment, in terms of people employed, for the period 2024-2027 that differ from the latest estimates of the Government’s macroeconomic scenario for the country as a whole.
This Region estimates GDP growth in volume terms of 1.8%. This forecast is within the lower range of the 40th and 60th percentiles of AIReF’s estimates (central forecast of 2.1%). It is below the lower end of the range of forecasts made by other agencies for the region. However, some of these revisions do not yet include the recent revisions to the Spanish National Accounts.
