Archive for September 29th, 2010

Budget: Coup of plane by 9.4 billion over the niches

September 29, 2010 - 2:48 pm Comments Off

The first official figures on the 2011 budget, presented on Wednesday morning in the Council of Ministers, have fallen. Features a budget measure that is intended rigorous, the movement of the plane on tax loopholes will rise eventually to 9.4 billion euros in 2011 and 2.1 billion in 2012. The effort will continue in 2013 and 2014, with cuts of 3 billion annually on tax loopholes.

On the other hand, the sampling rate required in 2012 to ascend its 2007 levels.

The number of staff will also be reduced by 31,638 positions. A figure lower than that of 2010 (33,749).

Thanks in part to these measures, the budget deficit is expected to "an historic reduction" in 2011 to 92 billion euros, against 152 billion this year, according to the Budget Ministry.The government aims to reduce the deficit to 6% of gross domestic product in 2011 and, ultimately, to 3% of GDP in 2013.

On the other hand, the economic assumptions underlying the estimates of income and expenditure, were confirmed.

More information to come

See also:

The 2011 budget under the banner of deficit reduction