SPAIN: Concerns foresight & oacute; n of creation & oacute; n employment Rajoy – EntornoInteligente

<- AUGURE_NOTICIA_INICIO -> SPAIN: Concerns job creation forecast Rajoy / Five Dias / The Independent Authority Fiscal Responsibility (trade show) has endorsed the economic forecasts included in the State Budget 2016. The report released today by the watchdog public accounts considered likely that the estimates are met government.

However, he warns that the government of Mariano Rajoy is very optimistic in the workplace. Moncloa estimates that employment in national accounts terms increased by 3% in 2015 and 2016. Fiscal Authority believes this government forecast can come to pass, but warns that it is more likely to be lower.

It also raises questions the evolution of public consumption, which the government estimated to increase by 0.1% and 0.3% next year. The trade show, which forecasts from international organizations and research services produces a range of trust, notes that the estimation of the Executive is very demanding. The report indicates that the Government is forced to include a very subdued public consumption because the deficit target for 2016, which is 2.8% of GDP, is very demanding. “A relaxation of discipline to control public spending would have a negative impact on budgetary stability,” he argues.

In fact, the body detects more internal than external risks. Still, he warns of factors such as rising oil prices faster than expected or increased market tensions. Other factors such as higher depreciation of the euro or the rate cut could play in favor of Spain.

On the other hand, the trade show asks the Government to publish the methodology, assumptions and parameters that hold forecasts . Moncloa

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