Friday, September 26, 2014

The Government today approved budgets and raise growth … – Finanzas.com

The Government today approved budgets and raise growth … – Finanzas.com

EFE News

The Government adopted today the bill of the State Budget for 2015, which will have a spending ceiling nonfinancial 129.060 million euros and will be marked by the upward revision of the forecast growth will be lower than expected for the situation of the euro area.

Budgets collect the developments announced yesterday by the Ministry of Finance.

On the one hand, the wages of public sector employees will remain frozen in 2015 for the fifth year row, as the replacement rate of public employment, which in general will remain zero, but an exception of 20% for those considered essential public services is established.

In addition, return officials of the Central Government (and predictably to the autonomous communities) early next year, a quarter of the bonus that they were not paid in 2012.

To balance the books and get going from an estimated 5.5% of GDP in 2014 to 4.2% in 2015 without additional adjustments budget deficit, will have a major entry into force of tax reform, which aims to stimulate economy and consumption.

In addition, for the first time budgets collected the new rate of pension increases, and when the count 2014 reform was not yet in force occurred, although it was used as guide to upload the guaranteed minimum of 0.25%, the same percentage that may be implemented in 2015.

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