Extremadura misses the 2016 fiscal deficit target with 1.6% of GDP
The Region of Extremadura has the second worst public deficit figure in Spain and has more than doubled the goal of 0.7% of GDP indicated for autonomous communities during the last year. Spain, however, does comply with a deficit of 4.33% with respect to the 4.6% goal set by Brussels.
DEFICIT EXTREMADURA
Eulalia N. González
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Extremadura reduces its deficit in 2016 to 1.61 percent of GDP, which is still high and more than doubles the 0.7% that the Central Government set as a limit for the autonomous communities last year, with which eleven regions have complied, but the Treasury minister recognises that the region "has lowered it a lot" and that where it started must be taken into account in order to see its evolution.
Spain does comply with the goal of a 4.6% limit set by the European Union, with a public deficit of 4.33 percent of GDP, which is raised to 4.54% when accounting for assistance to the banking sector, and Montoro states that the reduction in the public deficit is a "result" of economic growth and job creation in the country.
