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スペインの財政赤字は、歳出削減にもかかわらず、2011年の第一四半期の0'64%から、2012年の第一四半期は、1'85%に増加
El déficit del Estado se triplica en el primer trimestre pese a los ajustes
El desfase presupuestario pasa del 0,64% inicial de 2011 al 1,85% entre enero y marzo
El Gobierno revisa al alza el balance del arranque del pasado año al 1,06%
La cifra homogénea es del 0,83% del PIB, tal y como había adelantado Montoro
The government deficit triples in the first quarter despite the adjustments
The budget gap passes from the initial 0.64% 2011 1.85% between January and March
The government revised upward the starting balance of last year to 1.06%
The uniform number is 0.83% of GDP as had advanced Montoro
The Country Madrid 24 ABR 2012 - 19:22 CET
The budget gap passes from the initial 0.64% 2011 1.85% between January and March
The government revised upward the starting balance of last year to 1.06%
The uniform number is 0.83% of GDP as had advanced Montoro
The Country Madrid 24 ABR 2012 - 19:22 CET
The government deficit has tripled in the first quarter of 2012 over the same period of 2011 despite the tough cuts that has approved the new PP government. According to the budget execution figures published today by the Ministry of Finance, the negative gap in the accounts of the administration between income and expenditure has increased from 0.64% which was published at the start of 2011 to 1.85%.
Despite this increase, the finance minister, Cristobal Montoro, has said this afternoon in Congress during the debate to defend the State budget deficit that progresses according to government forecasts. To do this, argues that the figure on a comparable basis is reduced to 0.83% of GDP. It also has to be revised previous government accounts, in which, according to the update made by the Government and not yet explained, rises to 1.06%.
That is, although the deficit is tripled, the discourse of the government is actually being reduced because in 2011 was greater than what was published and because the figure now is not homogeneous.
more information"If there is doubt because of the regions"The Montoro PSOE accused of "cheating" because they "knew" the dataSpain and Ireland lead the breach of the deficit in 2011
The government has taken the target set by Brussels to lower the deficit of 8.5% which was closed 2011, a figure that is more than two percentage points above goal set by the Gobeirno, to 5.3%. This figure was reached after a first attempt to Rajoy to end 2012 at 5.8%.
"The goal is the deficit above all. There are no shortcuts. The deficit as a slab crushes us, "said Montoro has argued before the deputies. Speaking before the plenary of the afternoon, the minister also said that if there are doubts about the budget ejecucición "is because of the autonomous communities" and has come to blame the previous government of the current economic situation. With this, has justified the adjustments in the budget includes sensitive items such as education, investment, employment policies.
Until February, the State recorded a deficit of 20.668 million euros, representing an increase of 49% compared to January, or 1.94% of GDP. The Government justified the high deviation to developments in transfers to the regions, social security advances and increased tax rebates.
Treasury also recalled that in these accounts have not yet inlcuía rising personal income tax rates, which will start to notice since March and has not been noticeable in the balance of the first quarter. Then, also clinched that "the evolution of these first months is not significant due to circumstances that increase spending temporarily."
The ECB notes that there is no margin of error in the accounts
A member of the ECB Executive Board, Jose Manuel Gonzalez-Paramo, warned today that the General State Presupestos (PGE), but are "consistent" with the deficit target agreed, no deviation margin unfavorably. "It seems that there is a margin for deviations in the negative and is always very important to keep that margin," said Gonzalez-Paramo, who gave as an example "the provision of public revenue, which depends on a particular growth path not always be met. "
Despite this warning and noting that the PGE have arrived later than I would have liked the market, Gonzalez-Paramo he was "absolutely convinced" that Spain will meet the deficit target set for this year.
Despite this increase, the finance minister, Cristobal Montoro, has said this afternoon in Congress during the debate to defend the State budget deficit that progresses according to government forecasts. To do this, argues that the figure on a comparable basis is reduced to 0.83% of GDP. It also has to be revised previous government accounts, in which, according to the update made by the Government and not yet explained, rises to 1.06%.
That is, although the deficit is tripled, the discourse of the government is actually being reduced because in 2011 was greater than what was published and because the figure now is not homogeneous.
more information"If there is doubt because of the regions"The Montoro PSOE accused of "cheating" because they "knew" the dataSpain and Ireland lead the breach of the deficit in 2011
The government has taken the target set by Brussels to lower the deficit of 8.5% which was closed 2011, a figure that is more than two percentage points above goal set by the Gobeirno, to 5.3%. This figure was reached after a first attempt to Rajoy to end 2012 at 5.8%.
"The goal is the deficit above all. There are no shortcuts. The deficit as a slab crushes us, "said Montoro has argued before the deputies. Speaking before the plenary of the afternoon, the minister also said that if there are doubts about the budget ejecucición "is because of the autonomous communities" and has come to blame the previous government of the current economic situation. With this, has justified the adjustments in the budget includes sensitive items such as education, investment, employment policies.
Until February, the State recorded a deficit of 20.668 million euros, representing an increase of 49% compared to January, or 1.94% of GDP. The Government justified the high deviation to developments in transfers to the regions, social security advances and increased tax rebates.
Treasury also recalled that in these accounts have not yet inlcuía rising personal income tax rates, which will start to notice since March and has not been noticeable in the balance of the first quarter. Then, also clinched that "the evolution of these first months is not significant due to circumstances that increase spending temporarily."
The ECB notes that there is no margin of error in the accounts
A member of the ECB Executive Board, Jose Manuel Gonzalez-Paramo, warned today that the General State Presupestos (PGE), but are "consistent" with the deficit target agreed, no deviation margin unfavorably. "It seems that there is a margin for deviations in the negative and is always very important to keep that margin," said Gonzalez-Paramo, who gave as an example "the provision of public revenue, which depends on a particular growth path not always be met. "
Despite this warning and noting that the PGE have arrived later than I would have liked the market, Gonzalez-Paramo he was "absolutely convinced" that Spain will meet the deficit target set for this year.
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