(The following statement was beachcottageb.ca released by the rating agency) Link to Fitch Ratings’ Report: Spanish Autonomous Communities: Healthcare an Expenditure Risk here BARCELONA, June 29 (Fitch) Fitch Ratings Barcelona/London 28June 2015: Healthcare expenditure accounts roughly for 40%, or EUR60.9bn of regional expenditure in Spain. Fitch Ratings’ Special Report “Spanish Autonomous Communities: Healthcare an Expenditure Risk” analyses the rigidity of this expenditure and the risks posed to the autonomous communities budgetary performance. Under the current institutional framework, Spain’s autonomous communities are entrusted with the provision of healthcare services but have limited control over the extent of the services they have to provide, resulting in spending that is inelastic and hard to control.
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