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Eu Commission Expects Spain to Miss Budget Target


  • EU commission said Spain is likely to miss its deficit target and next year until and unless it takes new measures
  • EU's executive arm will announce its economic outlook for the 27 countries in the region for this year and next on Friday
  • Madrid has promised to reduce the public deficit to 5.3 pct GDP this year from 8.5 pct in 2011 and to 3 pct in 2013.
  • However, the Commission will say that unless policies change, Spain will have a budget shortfall of 6.0 percent this year and just short of 4 percent in 2013, two EU officials said.

Pubblicato: 2012-05-09 17:04:00 UTC+00

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May 24 at 14:44 UTC
 
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