Post by account_disabled on Feb 22, 2024 1:10:08 GMT -6
President Pedro Sánchez and Vice President Pablo Iglesias, taking the family photo of the first coalition Government. One of the keys that may be making it difficult for the Executive to close the remaining 20% of its budget project is the division of opinions within the 2 parties that govern in coalition, PSOE and Unidas Podemos , regarding various issues, such as the approval of increases of taxes , the creation of new rates or the implementation of measures such as the possible freezing of public salaries. The negotiation is being led by María Jesús Montero, on behalf of the PSOE, and the Secretary of State for Social Rights, Nacho Álvarez, as a representative of the purple party, who are close to closing the fiscal proposal that the 2021 budgets will include, in the that several points of their coalition agreement will be modified, although maintaining the tax increases on large assets and incomes, according to Europa Press .
In fact, this past weekend, the President of the Government Pedro Sánchez assured that the next public accounts would not include tax increases , defending "progressive and expansive" budgets Lithuania Mobile Number List with recovery as an objective. "We must broaden the tax base but not now, but in the future, when the crisis has been overcome," he stated in an interview in La Sexta . Approve the new path of budget stability on time The vice president and Minister of Economy, Nadia Calviño. The vice president and Minister of Economy, Nadia Calviño. The next obstacle that the Government must face is defining the new deficit and public debt objectives and the spending ceiling of the public accounts , especially after the worsening of the macroeconomic forecasts by the Bank of Spain , in which it predicted a contraction of between.
However, the Government has the advantage that the European Union suspended the application of the Stability and Growth Pact in March , which has meant temporarily invalidating the application of the community budget rules for the control of the deficit and debt to allow the increase in public spending caused by the coronavirus crisis . The suspension of the EU budget rules will facilitate the preparation of public accounts, taking into account that the Bank of Spain has estimated that the deficit will range between 7% and GDP far exceeding the limit set by community regulation, at 3% of GDP.