The Minister of Economy, Carlos’s bodydefended this Wednesday the interest of giving “a space to ensure that the result of the vote (on the deficit objectives) is a positive result”, because presenting the budgets “weeks before or weeks after” is not going to change their content.
In an interview with Onda Cero, Corpus defended the government’s decision to withdraw the vote on the path to stability, scheduled for this Thursday, to give time to negotiate and thus avoid it being rejected again in Congress.
The Minister did not specify whether he was considering granting a greater deficit margin to the autonomous communities, as Junts claimsalthough he stressed that “the more we grow, the less effort we will have to make” to adjust public accounts, which could indicate that the upward revision of GDP growth forecasts for the coming years could provide additional budgetary room.
In fact, the government continues to negotiate with the European Commission the limit of increase in spending that Spain will include in the structural budget plan – which will be presented on October 15 – to achieve the deficit target that, he insisted, will be 2.5% of GDP by 2025, the figure of the proposed stability trajectory and now withdrawn.
The body has minimized compliance with budget deadlines -The Constitution provides that the accounts must be submitted to Congress before October- because “the fact that (the budget) is presented a few weeks later will not prevent us from having good budgets for next year.” “We must not rush without having this positive result in hand,” he defended, but rather opt for “a negotiation approach to be able to advance step by step towards the budgets.”
