Spanish government says that “knows what he has to do” to contain deficit – EntornoInteligente

Dossier 33 / The Spanish acting minister of Economy, Luis de Guindos, said today that the government “knows what he has to do” to contain the public deficit and in particular the diversion accumulating the autonomous communities.

“the government of Spain knows what he has to do and obviously and will acknowledge the letter, where the law of budgetary stability is remembered,” said the minister a press conference held at the end of Ecofin.

De Guindos made the remarks in connection with the letter that the European Commission plans to send today to Spain, where he is expected to urge the Government to enforce the budget stability law to ensure that it contains the budgetary slippage of the regions.

“the government of Spain knows, although it is in office, what it is the content of the law of budgetary stability and will do have it done, “insisted

While central governments and municipalities have complied broadly with its objectives containment of public deficits, the autonomous communities are.” the main source of diversion “in the words of minister.

While waiting to receive the letter, De Guindos said a caretaker government “can do what you can do”, ie, can apply the laws but take no further action, and ruled that Brussels asks “beyond” in this sense.

“the budgetary Stability law is a law in force, and the government can do things, can not take additional measures, but apply laws, “he said, adding that the government” will do what has to be done according to the law. “

in any case, asked to wait to have consolidated 2015 data, the year in which the country should have placed its public deficit by 4.2% of GDP, despite what the acting president, Mariano Rajoy, said that the figure will rise to 4.5%.

on the other part, De Guindos said he wants to appear at the Economy Committee of the Spanish Congress to explain what Brussels asks Spain on reforms and adjustments, and the standards to which they have to adjust the country within the flexibility also contemplated.

“it would clarifier from the point of view of the Spanish,” said the minister, who said he would like to make it clear that “no one is recommending that a country like Spain leave the Monetary Union nor the European Union “.

” I think this is a very important for Spanish society debate, “he added. EFE

Spanish government says that “knows what he has to do” to contain deficit

Information Dossier 33

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