Nadia Calviño, Minister of Economy: "The new growth forecasts suppose a downward revision with respect to the month of July, and our fiscal forecasts will be prudent to meet the deficit targets".
The Minister of Economy, Nadia Calviño, continues: "Our macro table is governed by the principle of prudence of the forecasts [de crecimiento del PIB en España]"says Calviño.
The Minister of Economy, Nadia Calviño, continues: "This draft recovers the fiscal redistributive policy". "In short, fairer", adds Calviño.
10/15/2018 12:55 AM
The Minister of Economy, Nadia Calviño, continues: "For the first time in four years the deficit will go down because the government applies responsible policies, not only because of the situation."
10/15/2018 12:55 AM
The Minister of Economy, Nadia Calviño, continues: "The measures that are included in the draft represent a turning point in the message that we want to transfer in economic policy: a responsible economic policy can be made that combines the fight against inequality and fiscal efficiency":
The budgetary pact between the PSOE and Unidos Podemos contains increases in income tax for the wealthiest and large companies amounting to 5,600 million euros. http://cort.as/-B77W
Celaá gives the floor to speak the Minister of Economy, Nadia Calviño: "As you know, the draft General Budget has not yet been submitted, but the project is advanced, which has allowed us to give details to the Commission."
Isabel Celaá, Minister Government Spokesperson: "They had been saying for years on the news that the crisis had already passed, now we want the Spanish to notice it in their lives."
Isabel Celaá, Minister Government Spokesperson: "All the agreed measures are part of the PSOE, although not all the program [de esta formación política] It's in the agreement. "
Isabel Celaá, Minister Government Spokesperson: "Spain needs these Budgets because they improve the lives of people," says Celaá.
Isabel Celaá, Minister Government Spokesperson: "The agreement reached between the Government and Unidos Podemos demonstrates that agreements can be reached, and we will continue to make progress in reaching agreements on these General State Budgets with other political forces," says Celaá, who also says that they shield themselves in the accounts. health, pensions, education … "We protect citizens against the rent bubble and fight against energy poverty," he adds.
Isabel Celaá, Minister Government Spokesperson: "We are facing a brave budget agreement that changes the way to the country, that meets the citizens and with Europe, that reverses the cuts and improves the democratic quality. Budgets for a social state. There is more investment than spending, "he says.
In the press conference is also the Government spokesperson, Isabel Celaá "Both the ministers and the president have wanted to formalize this budget plan," says Celaá
10/15/2018 12:49 AM
The press conference begins of the ministers of Economy, Nadia Calviño, and of the Treasury, María Jesús Montero, after the extraordinary meeting of the Council of Ministers in which the budget draft that the Government of Pedro Sánchez sends today to Brussels.
It remains to be seen what is the path of reducing the structural deficit that the Government includes in the draft Budget after failing to pass the revision in Congress to raise the target to 1.8% of GDP by 2019, five tenths above what was planned by the Executive of Mariano Rajoy.
The EU's Economy and Finance Ministers (Ecofin) have asked Spain for a structural adjustment equivalent to 0.65% of GDP. But the Government of Sanchez has a margin of 0.5 points that can be distributed this year. Community sources have recognized EL PAÍS that an adjustment of 0.3% would suffice. He could even present a draft with 0.15%, although then they warn that this would mean leaving some cuts for 2020 and the one approved for Spain would come with a touch of attention.
In brief appear the Minister of Economy, Nadia Calviño, and the Minister of Finance, María Jesús Montero, after the extraordinary meeting held this Monday by the Council of Ministers to approve the draft Budget that the Government sends today to Brussels.
It is expected that the Minister of Economy, Nadia Calviño, and the Finance Minister, María Jesús Montero, appear at 12.30 this Monday to explain the budget draft that the Government will send this Monday to Brussels.
10/15/2018 11:36 AM
The opinion of Andreu Missé on the 2019 Budgets agreed by the Government and We can:
In Spain, it is not about creating the welfare state, but about preventing its liquidation.
Read the information here Bernardo de Miguel Y Lluís Pellicer on the draft of the 2019 Budgets that this Monday the Government of Sanchez has to send to the European Commission. This has put as a red line that the accounts contain a certain reduction in the structural deficit, which is calculated independently of economic growth.
The President of the Government will preside from eleven in the morning at La Moncloa the extraordinary meeting of the Council of Ministers, attended by all members of the Government, except the Vice President, Minister of the Presidency, Relations with the Courts and Equality, Carmen Calvo; the Minister of Foreign Affairs, European Union and Cooperation, Josep Borrel; the Minister of Public Works, José Luis Ábalos; the Minister of Labor, Migrations and Social Security, Magdalena Valeria; the Minister of Agriculture, Fisheries and Food, Lluis Planas; and the Minister of Science, Innovation and Universities, Pedro Duque. Information of Moncloa
10/15/2018 10:47 AM
EU Economy and Finance Ministers (Ecofin) asked Spain a structural adjustment equivalent to 0.65% of the Gross Domestic Product. But the Government of Pedro Sánchez has a margin of 0.5 points that can be distributed this year. Community sources recognize that an adjustment of 0.3% would be enough to pass the exam with good grades. It could even present a draft with 0.15%, although then they warn that this would mean leaving some cuts for 2020 and the one approved for Spain would come with a serious attention call. And if the incoming accounts were expansive, Brussels would consider that Spain violates its commitments and could react with great harshness. Information of Bernardo de Miguel Y Lluís Pellicer.
10/15/2018 10:44 AM
Spain is the only EU country that continues in the corrective procedure for excessive deficit -Upper to 3% of GDP-, but with the revised data proposed by the Government (2.7% in 2018) it would come out of it next year.
10/15/2018 10:43 AM
The Foreign Minister, Josep Borrell, He said Monday that he is confident that the Budget agreement, which Spain will send today to Brussels, "will not have any problem" from the point of view of the European Commission's control, reports Efe. "From the point of view of the control that the European Commission has to do in the framework of budgetary discipline agreements, it will not have any problem," Borrell said upon his arrival at the Council of Foreign Ministers in Luxembourg. Information of Efe.
10/15/2018 10:39 AM
After the meeting appear the Minister of Finance, María Jesús Montero, and the Minister of Economy, Nadia Calviño, to explain the draft.
10/15/2018 10:38 AM
The European Commission, the executive arm of the EU, will monitor the structural adjustment that Spain must make. Community sources have warned that the red line happens because the accounts, agreed with Podemos, chave a certain reduction in the structural deficit, but it remains to be seen what path the Government includes in the Budget after failing to pass the revision in Congress to raise the target to 1.8% of GDP, five tenths above what was envisaged by the Executive of Mariano Rajoy.
10/15/2018 10:38 AM
This Monday the Government of Pedro Sanchez plans to approve in an extraordinary meeting of the Council of Ministers the draft of the 2019 Budgets that Spain must send today to Brussels, since tonight ends the deadline for the EU countries to send their 2019 accounts to the European Commission.
10/15/2018 10:37 AM