The trade show is not critical to assess fiscal discipline by lack of data – Reuters Spain

MADRID (Reuters) – the agency responsible for overseeing the sustainability of Spanish public finances said Monday it can not assess the path of fiscal consolidation in Spain because it lacks data on the fiscal policy of the Government

in a press release, the Independent authority for fiscal Responsibility (trade show) said it received on April 8 a draft of the Ministry of Economy on the macroeconomic scenario of the Stability Programme 2016-2019, although he said lacked details on fiscal policy to continue to deliver on time its report on April 15, which is required by law.

“The trade show can not evaluate the results and internal consistency of the stage macroeconomic sent in the absence of the underlying fiscal policy. Without a detail of the composition of revenues and expenses is not possible to assess the influence of the public sector in the activity of the Spanish economy, “the agency said in a press release.

A Treasury spokesman declined to comment.

the trade show, which was created a demand for Brussels, and has clashed in the past with the government of Mariano Rajoy, who is in office since last December 20 while a situation of political deadlock between the different parties which prevents form a new government persists.

The government is ready to negotiate with Brussels its plan for fiscal stability a time when it has recognized a reduction in growth forecasts for this and next year and announced a further cut of 2,000 million euros in the budgets of 2016.

international organizations such as the IMF have warned that Spain needs to take additional measures to reduce its budget deficit and avoid default of the current objectives of -of 2.8 percent of GDP deficit for this year, after failing to meet the goal of 4.2 percent in 2015 with a figure of 5 percent.

political opposition parties, who have asked for a more gradual reduction in the deficit, have urged the government to address their requests for negotiate the program with Brussels a host claim with warmth from the Executive.

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