Spain would have closed 2015 with deficit of close to 5%, according EP – Investing.com Spain

MADRID (Reuters) – Spain will probably communicate on Thursday closed 2015 with a deficit at around five percent, well above the target set by Brussels, according to a report of the agency Europa Press citing government sources unidentified.

in the Economy ministry declined to comment while the finance ministry was not possible to verify the information immediately.

Economy Minister Luis de Guindos and recently said that Spain will commit to the European Union to apply the law of stability to channel the deficit of the autonomous communities, primarily responsible for the budgetary slippage in 2015.

the public official projection remained 4.2 percent although recently learned that in mid-October, two months after the general elections, Spain submitted a document to Brussels in which projected a figure of 4.4 percent.

the European Commission estimated that the gap of the Spanish public accounts would be around 4.8 percent by the end of 2015.

the Executive Committee on Economic Affairs meets the . Thursday to deal with possible adjustment measures calling for Brussels to meet fiscal discipline

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