January 15, 2021

Borrell hopes that the budget agreement passes without "problem" the control of the EC

Borrell hopes that the budget agreement passes without "problem" the control of the EC



The Foreign Minister, Josep Borrell, today trusted that the Budget agreement, that Spain will send today to Brussels, "will not have any problem" from the point of view of the control of the European Commission (EC).

"From the point of view of the ex ante control that the EC has to do in the framework of budgetary discipline agreements, it will not have any problem," he told Efe Borrell upon his arrival at the Council of Foreign Ministers in Luxembourg.

The Spanish government has convened an extraordinary Council of Ministers to approve the draft budget today and then send it to the Community Executive, a non-essential procedure with which it wants to send to Brussels a message of commitment to budget stability, as explained on Friday by the minister of the Treasury, María Jesús Montero.

Today is the deadline for the countries of the eurozone to send their budget drafts required by the EC, which will monitor the structural adjustment that Spain must do and will put the magnifying glass on the controversial Italian accounts.

Spain is the only EU country that remains in the corrective procedure for excessive deficit – exceeding 3% of GDP – but, even with the revised data proposed by the Government (2.7% in 2018) would come out of it next year .

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