![Public investment in Spain Public investment in Spain](https://ec.europa.eu/regional_policy/sources/focus/2009_02_spain.jpg)
Regional and local authorities play an increasingly key role in the expenditure decisions of the public sector. In the context of the multi-level governance system, many decisions regarding Cohesion Policy and national equivalent expenditure take place at sub-national level. As a consequence, information about the expenditure of the different government levels is essential tounderstand the impact of public expenditure decisions in the economy.This Regional Focus examines the role of public expenditure in Spain.