Tuesday, January 17, 2017

Brussels predicted that Spain will be in breach of the deficit in 2017 – Sputnik World

This newspaper, which had access to the evaluation to be presented by the Executive community on the economic situation in Spain, ensures that the Commission believes that Madrid will shut down its public deficit by 2017 at 3.3%, representing a gap of two-tenths (2,100 million euros) above the targets agreed with Brussels.

The budget plan presented by the Spanish Government in early December included a series of measures recaudatorias to increase around 8,000 million euros in State revenues in 2017.

Although the budget plan is still pending discussion and approval by, the European Commission considers that “complies with the general lines” of his demands.

however, the community Executive urges Spain to “be ready to adopt additional measures” due to the risk of non-compliance arising from the possible differences in the estimates of revenue as on the cut-budgeted “for the central Government and the autonomous region”.

If the forecasts of the European Commission on the ability of Spain to meet the deficit targets are to be accurate, the Government of Mariano Rajoy encadenaría his sixth failure in six years that leads to the front of the Executive of Madrid.

in Addition, the Commission believe that Spain has breached also the deficit target in 2018.

According to the calculations of Brussels, Spain will have for that year a deficit of 2.8%, far from the goal agreed at 2.2%.

The information offered Tuesday by the daily el pais also points out that the European Commission is concerned by the possible difficulties of Mariano Rajoy to approve budgets in the Congress, given its situation of minority Government and the fragmentation of the camera.

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