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“Given that the Government is in functions and can not send the Draft Law of General Budgets of the State, it will send a budget extended, without policy changes, that assumes the continuation of the Budget and of the measures taken in 2016″, explained the Executive.
As explained in a press conference the vice-president of the Spanish government, Soraya Sáenz de Santamaría, will be the new Government “has to approve the budgets for 2017″.
These new accounts should include a few structural adjustments of 0.5% of GDP (5,000 million euros), to which Spain is able to comply with the deficit target, set at 3.6% for the year.
Among the documents that Madrid will go to the European Commission found the measures taken by the Autonomous Communities to adjust to the compliance of the Budget Stability Law and the various decisions taken by the Government to contain the deficit, as its decision to run the close fiscal year 2016 in the month of July.
in Addition, the Spanish Government will send to Brussels the details of the Royal Decree-Law amending the corporate income Tax to increase the collection in about 6,000 million, a standard that is already in force but has not so far been validated by the Legislature.
In this way, Spain is meant to satisfy the budget requirements of the European Commission and avoid the freezing of structural funds that the eu institutions envisage to carry out against the iberian country as a punishment for the breach of the deficit in the year 2015.
The vice president said that the desire of the Executive, which already has 300 days in office, is to be able to move forward in the coming weeks in negotiations with other parties to form the Government at the end of this month and approved during the month of November a new spending ceiling.
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