A couple of technical explanations.
The first is that sometimes a country or region meets its deficit thanks to GDP has risen.
The following year a budget relying on growth or above is done, but if not, the percentage of deficit to GDP grows and violates what the EU had imposed.
For example, Spain believed that in 2017 would grow by 3.5% and the EU gave permission to borrow 3.1%. Well, if finally its growth is only 3%, it will run a deficit of 3.6% ...
Luckily the Catalan issue happened in November and when Catalunya leading the increase in GDP ...
Unfortunately, if there is no stability in Catalonia in 2018, the PP should make budgets down because nobody will buy him high growth in Europe. Remember that for next year the EU asks the deficit down to 3% psychological ...
The second is the lack of income.
The piolines and images of Nazi wandering around Catalunya have depressed tourism and spending. That means less revenue from VAT and various taxes.
Instability that will last long also due to consumer autoboicot is in Catalunya.
cuts in health and education (as Montoro announced), possibility of less income, more unemployment ... Not to mention that the risk premium go up ...: So a volatile 2018 is presented
In any case, not knowing what may happen these days (strike and / or indefinite strike), Spain will end the year close to 40,000 million debt plus. That amount is the need to go to pay current expenses of the state ...
The first is that sometimes a country or region meets its deficit thanks to GDP has risen.
The following year a budget relying on growth or above is done, but if not, the percentage of deficit to GDP grows and violates what the EU had imposed.
For example, Spain believed that in 2017 would grow by 3.5% and the EU gave permission to borrow 3.1%. Well, if finally its growth is only 3%, it will run a deficit of 3.6% ...
Luckily the Catalan issue happened in November and when Catalunya leading the increase in GDP ...
Unfortunately, if there is no stability in Catalonia in 2018, the PP should make budgets down because nobody will buy him high growth in Europe. Remember that for next year the EU asks the deficit down to 3% psychological ...
The second is the lack of income.
The piolines and images of Nazi wandering around Catalunya have depressed tourism and spending. That means less revenue from VAT and various taxes.
Instability that will last long also due to consumer autoboicot is in Catalunya.
cuts in health and education (as Montoro announced), possibility of less income, more unemployment ... Not to mention that the risk premium go up ...: So a volatile 2018 is presented
In any case, not knowing what may happen these days (strike and / or indefinite strike), Spain will end the year close to 40,000 million debt plus. That amount is the need to go to pay current expenses of the state ...
Inexorably 2018 will be the year of wallop.
FOR THEM!
FOR THEM!
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