Deficit Limit

10.05.2013 - 09.08 pm The Spanish and Catalan Governments hold several high-level bilateral meetings in Barcelona on the same day On the occasion of the kick-off of the 2013 Barcelona International Motor Show, the Spanish Prime Minister, Mariano Rajoy, and 3 ministers (Finance,...	21.02.2013 - 09.36 pm The Catalan Government posts a 2% deficit for 2012, correcting the previous preliminary figure A month ago, the Catalan Government issued a preliminary deficit figure for last year of 2.3%. Now, the Catalan Finance Minister, Andreu Mas-Colell,...	14.09.2012 - 12.20 pm The Catalan Government had a 0.59% deficit in the first half of the year, below the Autonomous Communities’ 0.77% average By the end of the year, Catalonia must meet a 1.5% deficit target. According to the Spanish Finance Minister, Cristóbal Montoro, the Autonomous...	06.09.2012 - 09.08 pm Merkel praises “the close cooperation” between the Spanish Government and the Autonomous Communities The German Chancellor is “impressed” with Spain’s reforms. According to Angela Merkel, the reforms are headed “in the right direction”, they need to...
10.05.2012 - 09.20 pm The Catalan Government will have its deficit limited to 0.14% by 2018 The Catalan Parliament has approved Catalonia’s Law of Budget Stability, which is more restrictive than its Spanish equivalent. The Catalan law...	24.04.2012 - 09.36 pm The Spanish Government doesn’t transfer the money, but transfers the blame The Spanish Finance Minister, Cristóbal Montoro, blamed the Autonomies and town halls for Spain’s public deficit. Montoro stated that the Spanish...	06.03.2012 - 09.48 pm The Spanish Government refuses Catalonia’s petition to internally split the deficit target more proportionally “Absurd, useless, dreadful, and inopportune” is what Spain’s Finance Minister thinks about the Catalan Government’s proposal to internally split the...	17.01.2012 - 10.48 pm The Autonomies and the Spanish Government agree on a set of measures to guarantee the deficit commitment and liquidity The Spanish Government stressed that no Autonomous Government will be left disappointed if they have a “responsible” attitude and have an austerity...
13.01.2012 - 10.26 pm The Spanish Government will set a spending limit and sanctions for Autonomies that do not meet the deficit objectives Catalonia already approved its own spending limit through a law of its own last September. The Spanish Vice President, Soraya Sáenz de Santamaría,...	11.01.2012 - 09.12 pm The Spanish Government threatens to financially asphyxiate the Autonomies that do not meet the deficit objective The Spanish Finance Minister, Cristóbal Montoro, announced that the Central Government might heavily fine the governments of Autonomous Communities...	14.10.2011 - 08.23 pm The Catalan Minister of Finance meets with City investors and the Financial Times Andreu Mas-Colell, former Harvard Professor and the current Catalan Finance Minister, travelled to London to meet with financial representatives. The...	27.09.2011 - 10.29 pm Catalonia sets its own deficit limit at 0.14% of GDP from 2018 The Catalan Government has approved the new Law of Budget Stability, which foresees a gradual and significant reduction of the deficit in the...
02.09.2011 - 09.19 pm All Catalan MPs apart those from the PSOE and PP refuse to vote on the Constitutional amendment limiting deficit The Constitutional amendment limiting public deficit in Spain has been only approved with the votes from the PSOE and the PP at the Spanish...	01.09.2011 - 09.06 pm Catalan President: “Catalonia and Spain will be more separated” if Catalan demands on the Constitutional amendment are not heard “It means that we are not wanted, we are excluded, we are ignored” stated Artur Mas, President of the Catalan Government and leader of the Centre-...	29.08.2011 - 08.25 pm The Spanish Constitutional amendment limiting the public deficit will finally be approved without a referendum thanks to the PSC The Catalan Socialist Party (PSC) decides not to break the Socialists’ unity and not to force a call for a binding referendum on the constitutional...	26.08.2011 - 07.51 pm Spain’s two main parties agree on a constitutional amendment without the explicit support from other parties The governing Spanish Socialist Party (PSOE) and the main opposition party, the People’s Party (PP) agree to amend the Spanish Constitution to limit...