SPAIN: The Tax Authority requests that deficit targets are set asymmetric – EntornoInteligente

SPAIN <- - AUGURE_NOTICIA_INICIO>: The Tax Authority calls for asymmetrical deficit targets set / Five days / The path of fiscal consolidation requires Hacienda regions is “impracticable” to some of them. This was the report that the Independent Authority Fiscal Responsibility (trade show) published this morning. Treasury claims that the offset is set this year at 0.7% of GDP and in the next three years, down 0.3%, 0.1% and 0% from 2018.

Revenue Authority this scenario is unrealistic and argues that the Treasury set deficit targets differentiated and take into account the different starting point of each of the autonomies. So, recommended a “more gradual adjustment path than projected in 2016 and 2018 for the Balearics, Extremadura, Catalonia, Murcia and Valencia. They are communities showing larger gap in 2014 and, therefore, more difficult. The body chaired by José Luis Escrivá understood that these communities could achieve a balanced budget fiscal -Balance 0% -. in 2018, however, claims that Treasury soften targets for 2016 and 2017

The Ministry of Finance, for now, does not arise follow these recommendations and argues that fiscal consolidation is the same for all communities. It is expected that the Council of Fiscal and Financial Policy to be held tomorrow set the same objectives for the period 2016-2018 .

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