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CDE Almería – Centro de Documentación Europea – Universidad de Almería

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Centro de Documentación Europea de la Universidad de Almería

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The Government sends the 2020 Budget Plan to the European Commission

Inicio » EU News » The Government sends the 2020 Budget Plan to the European Commission

16/10/2019

The spanish Government sends the 2020 Budget Plan to the European Commission, including a new updated macroeconomic scenario, in compliance with Community regulations.

Document Preparation

The preparation of this document is marked by the situation of a functioning Government, which has prevented the adoption of a Draft Budget for next year or the update of the stability objectives. For this reason, the Government undertakes before Brussels to send an update of the document whenever possible.

Fiscal consolidation

The fiscal consolidation data is based on an inertial fiscal scenario that does not include the adoption of any additional income measures. On the expenses side, measures already announced to the European Commission are included in the Stability Program, such as the revaluation of pensions or the salaries of officials.

Deficit reduction

The Budget Plan moves the Government’s commitment to fiscal consolidation and the reduction of the public deficit.

After closing at 2.5% last year and exiting the EU Excessive Deficit Procedure – in which Spain had been since 2009 -, the forecast for this year is that the deficit decreases and stands at 2%.

Social measures

The Budget Plan includes the revaluation of pensions in 2020 by 0.9% with the aim that pensioners do not lose purchasing power, just as the Government has committed.

More information

Press release

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Publicaciones relacionadas

European Parliament confirms that the 2017 EU budget was well-managed Seguridad y defensaFostering defence innovation through the European Defence Fund European Defence Union: new guidance to help Member States run joint defence procurements Seguridad y defensaRecent EU plans in defence entail performance EU budget 2021-2027: Time to decide

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