Politics
budget stability
Politics
Catalan Government will not meet 1% deficit target for 2014, imposed by Spanish Executive
Politics
Barcelona municipality posts a budget surplus of €140 million in 2013
Politics
Spanish Government will not compensate Catalonia for cancelling its tax on bank deposits
Politics
Catalan Finance Minister calls the PP “obstructionist” for blocking next year’s budget
Politics
The PP to finally block the Catalan Government’s budget
Politics
PP is considering blocking Catalan Government’s budget for 2014
Politics
Demonstration in Barcelona against austerity and “antisocial” policies
Politics
Catalan Government’s budget for 2014 to have a 1% deficit, more social spending and further privatisations
Politics
The Catalan Government extends the 2012 budget for the whole of 2013 due to the low deficit target
Politics
The Spanish Government raises the deficit target for the Autonomous Communities from 0.7% to 1.2% for 2013
The deficit target for Spain’s entire public sector has also been raised from 4.5% to 6.3%. The Spanish Government has kept 81% of the deficit for itself while it is only responsible for 50% of Spain’s public spending. The Spanish Government has allowed itself a 5.1% deficit target, while the Autonomous Communities are only allowed a target of 1.2%. The regional governments fund the basic welfare state services and manage more than 35% of Spain’s total public spending. The Catalan Government welcomes the revision but considers it not to be enough. The Catalan Finance Minister, Andreu Mas-Colell, has been insisting that the Autonomous Communities should have at least a third of the total deficit. Therefore, with an overall target of 6.3%, the Catalan Executive should have a target at least 2.1%.
Politics
The Catalan Government had a 6.23% budget surplus in the first four months of the year
The Catalan Government’s finances corresponding to the first four months of 2012 showed a €535 million budget surplus. Spending has been reduced by €240 million in comparison to the same period last year, when the Catalan Government’s budget had a deficit of €1.13 billion. The budget surplus is mostly due to the transfers made by the Spanish Government, which partially correspond to payments from 2010.
Business
Catalan economists ask for European public funds to restructure Spanish Banks
Considering the “exceptional” crisis Spain’s banking system is going through, the Cercle d’Economia, a Catalan economic forum open to businesspeople and academics, recommends “drastic” measures in order to face a “systemic” problem at European level. The Chairman of Cercle d’Economia, former Spanish Minister Josep Piqué, stated that Spain “will not succeed on its own”.