Press Release: European Commission adopts Opinion on Spain’s 2016 Draft Budgetary Plan

On 12 October 2015 the European Commission adopted its Opinion on the Draft Budgetary Plan (DBP) of Spain for 2016.

The Commission was of the opinion that Spain's DBP was at risk of non-compliance with the provisions of the Stability and Growth Pact. The Commission therefore invited the Spanish authorities to strictly execute the 2015 budget and take the necessary measures within the national budgetary process to ensure that the 2016 budget would be compliant with the Stability and Growth Pact. The Commission also invited the national authorities to present an updated DBP, including fully specified regional measures, as soon as possible.

European Commission: DG Communication: RAPID: SPEECH/15/5834, 12.10.15: Remarks of Commissioner Pierre Moscovici at the Press Conference on Spain's 2016 Draft Budgetary Plan http://europa.eu/rapid/press-release_SPEECH-15-5834_en.htm

European Commission: DG Communication: RAPID: SPEECH/15/5833, 12.10.15: Remarks of Vice-President Valdis Dombrovskis at the Press Conference on Spain's 2016 Draft Budgetary Plan http://europa.eu/rapid/press-release_SPEECH-15-5833_en.htm

Politico, 13.10.15: Rajoy’s reelection bid hits a budget snag http://www.politico.eu/article/brussels-blocks-spains-budget-before-election-rajoy-domobrovskis-moscovici/

ESO: Background information: Spain risks missing 2015 and 2016 deficit targets — Brussels report http://www.europeansources.info/record/spain-risks-missing-2015-and-2016-deficit-targets-brussels-report/

ESO: Key Source: Spanish general election, 2015 http://www.europeansources.info/record/spanish-general-election-2015/

The Local.es, 12.10.15: Brussels hands bullish Spain official warning over deficit targets http://www.thelocal.es/20151012/blow-for-pm-as-brussels-warns-spain-over-deficit-targets-in-draft-budget

EurActiv, 13.10.15: Commission calls on Rajoy to meet deficit targets before elections http://www.euractiv.com/sections/euro-finance/commission-calls-rajoy-meet-deficit-targets-elections-318432

EUObserver, 12.10.15: Commission in show of unity on Spanish budget https://euobserver.com/economic/130646

Politico, 13.10.15: Spanish Socialists attack Rajoy’s ‘budget lies’ http://www.politico.eu/article/spanish-socialists-rajoy-budget-lies-unemployment-debt/

The Local.es, 13.10.15: Spain 'very confident' deficit targets will be met in face of EU scepticism http://www.thelocal.es/20151013/spain-confident-it-can-meet-deficit-targets-in-face-of-eu-doubts

El Pais, 13.10.15: PP blames Socialists and Podemos for risk of missing deficit targets http://elpais.com/elpais/2015/10/13/inenglish/1444744640_767013.html

EurActiv, 06.11.15: New Brussels deficit projections for Spain fuel tensions ahead of election http://www.euractiv.com/sections/euro-finance/new-brussels-deficit-projections-spain-fuel-tensions-ahead-election-319276

ESO: Economic situation: Autumn 2015 Economic Forecast: Moderate recovery despite challenges http://www.europeansources.info/record/autumn-2015-economic-forecast/

EurActiv, 10.11.15: OECD disagrees with Commission over Spain's financial outlook http://www.euractiv.com/sections/euro-finance/oecd-disagrees-commission-over-spains-financial-outlook-319322

---