MADRID (Reuters) – The Spanish government functions Brussels ask one more year to reduce the public deficit below 3 percent following the sharp gap recorded in 2015 in exchange for greater regional setting, according to information published on Sunday El País.
the newspaper, citing government and Moncloa sources said that the IMF summit which begins tomorrow Spain will try to convince European authorities to delay the demanding adjustment, taking into account the number of 2015, would require cutting more than 23,000 million euros this year.
in the Economy ministry did not comment on the information according to which the Luis de Guindos minister could announce new targets during the review of the Stability Programme that the cabinet could approve the April 22.
If there is agreement, the government would review the target 2016 deficit to 3.7 percent of GDP from 2.8 percent now. In contrast, Spain still has no government undertakes to make tough adjustments, closing the tap regional funding with adjustments of between 0.5 and 0.7 percent of GDP in the regions.
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