Europe gives the Government one year of margin to formulate a fiscal adjustment plan
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07/05/2022
Updated at 10:20 p.m.
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The European partners have raised the tone of their recommendations to the Government on fiscal policy one point. In the latest communication that the European Council has sent to Spain – dated June 13 – they give it the 2023 financial year as a grace period to normalize the operation of its public accounts after the years of extraordinary spending due to the pandemic and the response to war, and urge him to guarantee from 2024
“credible and gradual debt reduction”as well as "medium-term fiscal sustainability through gradual consolidation, investments and reforms".
The message from the Council underlines the line of action already advanced by the European Commission in May, when it confirmed the extension to 2023 of the application of the suspension clause of the stability pact. There will be no more open bar...
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