Monday, July 27, 2015

The Government and communities address the miércol … – Cala d’Or News

HomeEconomicBalearicTheGovernmentandcommunitiesaddresstheindividualdeficittargetsfor2016-2018onWednesday

TheGovernmentandcommunitiesonWednesdayaddressedindividualdeficittargetsfor2016-2018 4hoursagoViewed19CN365-EuropaPress Tweet

ThegovernmentandtheautonomouscommunitieswillmeetagainWednesdayintheCouncilofFiscalandFinancialPolicy(CPFF)toaddresstheindividualobjectivesofdeficitanddebtfortheperiod2016-2018,withthepossibilityofre-setasasymmetricciphersashappenedin2013.

OnJuly8theCPFFsettheoverallgoalofcommunitiesforthatperiod,setat0.3%for2016,0.1%for2017andinbalancebudgetfor2018.

Giventhedifficultiesbeingexperiencedbycommunitiestomeetitsdeficittargets,theGovernmentdoesnotruleoutdifferentfiguressetbackin2016toensuregreatercompliance.

Infact,attherequestofnineregions,thestudythattheCPFFinstructedtheIndependentAuthorityFiscalResponsibility(tradeshow)ontheestablishmentofstabilityobjectivesforsubsectorsinpublicadministrationwillbeanalyzed.

Alreadyin2013theGovernmentoptedforasymmetricaldeficittargets,callingformoreeffortstoregionsworstclosedlastyear.Specifically,theywerefurtherfromthe1.5%of2012couldendupover1.3%in2013,buttakingmorestepsthanthosewhotooktopmarks.

Thisdivisiongenerateddeficitmanycriticismfromthemoreadherentcommunities,whoreportedthattheTreasuryinsteadrewardedthefailureofeffortstoreachtheagreedtarget.

WedonotknowifthisyeartheTreasurywillgofordifferentobjectivesdeficit,butwhatisclearisthatthefinalfigurewilllosethe0.7%forecastforthisyearto0.3%setinthestabilityprogram,althoughmanyorganizations,includingtradeshow,doubtthecapacityofcommunitiestoreduceboththeirbalances.

NEWPRESIDENTOFCPFF

Ontheotherhand,accordingtotheagendathathashadaccesstoEuropaPress,themeetingwillalsoservetoelectanewvicepresidentforfinanceCPFFandinformcommunitiesofnon-financialexpenditurelimitsetfor2016.

Inaddition,theDepartmentledbyCristobalMontoroalsopresentareportonthereorganizationandrationalizationofthesectorregionalinstrumentsandcontrols,efficiencyandreductionofpublicexpendituremanagedbythesamepublic.ItwasalsoinformedoftheEconomicandFinancialPlantobesubmittedbytheAutonomousCommunities

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