Spain closed 2017 as European deficit champion and another four economic news of the morning

Spain closed 2017 as European deficit champion and another four economic news of the morning


MadridUpdated:

1. Spain closed 2017 with the largest deficit in the EU. The deficit of the Spanish public administrations stood last year at 3.1% of GDP, the highest in the European Union, according to the new data published this Monday by the European statistics office, Eurostat, which has revised the public debt figure for Spain by two tenths of a percentage point, to 98.1%.

2. The Supreme Court will determine who must pay the mortgage tax on November 5 in Plenary. The Supreme Court has set for November 5 the plenary session in which it will be validated, will revoke or qualify the new doctrine issued on Thursday by the Second Section of the Third Chamber of the High Court that exempts the client from the payment of the Tax on Documented Legal Acts in the mortgages.

3. Gestha estimates that 1.5 million taxpayers could claim the tax for the mortgages. The Syndicate of Technicians of the Ministry of Finance, Gestha, have estimated that 1.5 million taxpayers could claim the refund of the Tax on Documented Legal Acts (AJD) to the autonomous communities only by the mortgages constituted in the last four years.

4. Ford proposes to stop production in the Almussafes plant for three weeks. The thunderheads return to hover over one of the main automobile factories in Spain. The address of the Ford plant in the Valencian town of Almussafes has proposed this Monday stop production for 21 days in the months of November and December of this year and January of 2019 to adjust production to demand.

5. Sánchez announces an agreement to give a "stable" legislation to the automotive sector. The President of the Government, Pedro Sánchez, announced this Monday during the visit to the Renault factory in Valladolid that «In a few weeks», the Minister of Industry, Reyes Maroto, and the automotive sector will sign an agreement that will include "stable legislation" in this area, productive investments and decisions regarding training.

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