FEDERACION ESPAÑOLA DE MUNICIPIOS Y PROVINCIAS
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Approved Budget Stability Programme 2011 - 2014
The Council of Ministers has approved the updated Stability Programme 2011-2014, which maintains fiscal consolidation commitments and providing for reducing the deficit to 6% this year to reach 2.1% in 2014. At this same meeting, the Executive has approved the National Reform Programme 2011, ahead of the 2020 European Strategy for growth and employment.
Stability Program maintains the path of fiscal consolidation should reduce the public deficit to 3 per 100 of GDP in 2013 and extended in 2014 for fixing a deficit target of 2.1 per 100 of GDP. In 2012 we need to go to 4.4%.
The FEMP was informed of these objectives of budget stability at the meeting of the Subcommittee on Financial Economic and Fiscal Regime National Commission for Local Administration (CNAL) that took place at the headquarters of the Ministry of Economy and Finance.
