The Government has risen by a tenth economic growth forecast for 2014, to 1.3% , and two tenths 2015, to 2% , according to the review, in respect of which it offered last April, the macroeconomic picture that includes the bill of National Budget 2015, approved Friday by the Council of Ministers.
Also, the government has lowered the unemployment rate in 2014, 24.9% to 24.7% , and by 2015, from 23.3% to 22.9%, although within two years there will still be 5.07 million unemployed. The Economy Ministry says that between this year and next, in terms EPA, will be created “622,000 jobs” after “six exercises continued destruction of jobs,” and pointed out that the forecast is going from a rate of 22.6% in the fourth quarter of 2011 -principle parliamentary term at a rate of 22.2% in the fourth quarter 2015.
The Government has included in the preliminary reduction of cost item on unemployment benefits of 4,100 million euros, from around 32,800 million budgeted for 2014 has thus indicated the Finance Minister Cristobal Montoro, who said that this game is reduced because there was a “change” in the labor market.
De Guindos says the improvement comes despite estimates downward for the euro The Deputy Prime Minister Soraya Sáenz de Santamaría , He has called the budget “consolidation of the recovery” economic and “employment”. Economy Minister Luis de Guindos said on his part that is one estimate “very conservative” because it is giving “very credible” a macroeconomic projections, noting that this improvement occurs even though international agencies have revised slightly downward its estimates for the Eurozone in 2014.
However, the minister said that the eurozone is expected regain rhythm growth next through financial and more favorable tax environment and the stimulus measures set by the European Central Bank year. In this context, he said that the provisions adopted by the Government for the Spanish economy are “prudent and realistic.”
The growth of the economy is, according to the box, the improves both the private consumption (+ 2% in 2014 and 2.1% in 2015) and investment in capital goods (+ 7% in 2014 and 6% in 2015). Furthermore, the construction, which this year will subtract 3.3 percentage points to growth, provide more than three points to GDP next year, for the first time since the start of the crisis year.
So, the domestic demand will grow 1.4% this year and 1.8% next year, while the external balance reduced by a tenth in 2014 to growth, but added two 2015 as a result of improved imports (4.4% in 2014 and + 5% in 2015) and exports (up 3.6% this year and 5.2% in 2015).
Minister Hacienda, Cristóbal Montoro, has also stressed that Spain meet the deficit target for 2013 to close the year at 6.33% of GDP, 29/10 less than advertised so far and within the target agreed with Brussels, which was 6.5%. The new configuration of Spanish GDP (which has risen after including a requirement of the EU various modifications, including the accounts of illegal activities such as prostitution and drug trafficking), the local government surplus was 0.5% in 2013.
The budgets reflected the developments announced Thursday by the Ministry of Finance. On one hand, the salary of public sector employees continue frozen for the fifth consecutive year, as the replacement rate of public employment, which in general will remain zero, although establishes a exception of 20% for those considered essential public services.
Minister Cristobal Montoro has said that the budgets of 2015 are based on economic growth, job creation and social cohesion , “base of the welfare state.” Montoro has stressed that the accounts of 2015 are marked by the tax reform with a tax cut aimed at creating more jobs, a strengthen social policies and boost the competitiveness of the Spanish economy. Montoro has also indicated that reducing the budget deficit and structural reforms have led out of the crisis and job creation .
A Earlier this year officials will return a quarter of the extra pay 2012 to the officials of the Central Government (and predictably to the autonomous communities) will be returned early next year a quarter of the bonus that they were not paid in 2012 Minister has said the Government wants to return the effort made during the crisis to society, especially civil servants and public employees for their positive contribution .
also will raise the rate of replacement of staff of State for essential services from 10% to 50%, although other officials templates, the rate still frozen. Considered essential services education, health, security forces and public order and control and fight against tax fraud.
To balance the books and get a pass public deficit estimated at 5.5% of GDP in 2014 to 4.2% in 2015 without additional adjustments, will be very important entry into force of tax reform , with which it is intended to stimulate the economy and consumption.
In addition, for the first time budgets collected the new index of pension increases , because when they showed the 2014 accounts reform was not yet in force, but was used as a guide for uploading the guaranteed minimum of 0.25%.
No comments:
Post a Comment