スペイン政府の発表した財政赤字削減政策の緩和は、経済成長の刺激になるか？！
Enunciados
Las reformas presentadas ayer por el Gobierno adolecen de imprecisión; urge crear empleo
El País 27 ABR 2013 - 00:01 CET
statements
The reforms announced yesterday by the Government suffer from imprecision, urges job creation
The Country 27 ABR 2013 - 00:01 CET
Expectations at the last Council of Ministers were justified. The meeting was to leave Stability Plan which support the need for temporary easing public deficit target, a new reform agenda that endorses such lower requirement fiscal rigor and support the strengthening of the competitiveness of the economy and, not least, decisions to avoid economic depression. The Government has fulfilled the first purpose with far more realism than in the past and has also stated its intentions to further reform, but has not adopted specific decisions that prevent companies continue to close inwhichthe unemployment above 25% of the population active for several years.
The credibility of the macroeconomic situation was imposed by a reality that leaves little room for improvement in some indicators and forecasts of national and international analysts that do not involve a contraction of economic growth this year, down from 1.6%. You did well to give up his own postulate that "the government does projections, objectives are set" to be adapted to other operators. That 0.5% of current GDP growth nearly triples, to -1.3%. Also does well on the assumption that the labor market situation will not improve before 2015, and domestic demand growth prospects continue draining. Consequently, it would be impossible to treat an effort to reduce the public deficit to beat previously laid down.
Other publishers
Back to reality (23/04/2013)
Vicious Circle (17/04/2013)
September is here (20/08/2012)
Reach 3% of GDP in 2016 is now a more likely target. Although depend largely on developments in the major economies of the eurozone. The optimism is reflected when the economy minister confident that foreign demand dynamics follow, "with exports continuing its market share gains." Is a complicated if the whole eurozone is in recession.
That context is the one to protect the consolidation path of public finances finally be approved by the European Commission. For this, the Government has not announced any significant reduction of public expenditure, beyond the vague yet result rebate of some transfers to the regions, and yes it has in the elevated tax rates on some figures. Suspends the commitment to reverse the rise in income tax and compromises, albeit imprecise, raising some excise duties and environmental taxes and levies on bank deposits. The revenue potential of the latter or the amount of transfers is not known for now. The review of procurement initiation and pensions move in the field of vagueness.
The imprecision is also the dominant feature in the chapter of reforms announced. The areas on which to focus are very relevant. Its scope is hard to know now. Pensions are pending the findings of the commission of experts to streamline and reform public administrations only sustained in order to eliminate duplication and expand eGovernment. In any case, none of the announced targets specifically to boost demand and job creation in the short term. And this is the most urgent priorities of economic policy. In fact, many of the reforms will be little more than statements if economic growth does not emerge until well into next year. And anticipate demands asserted against the European institutions and some of its European partners that the implementation of its recommendations austerity has led to widespread unemployment and distrust.
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