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    31.03.2016 16:18 Spanish government misses its 2015 budget deficit target

    Spanish Budget Minister Cristobal Montoro said on Thursday that the country missed its budget deficit target in 2015. Spain's budget deficit was 5.2% of gross domestic product (GDP), higher than target of 4.2% of GDP set by the European Commission.

     

    Spain's Prime Minister Mariano Rajoy in February predicted a deficit of 4.5% of GDP.

     

    Montoro said that regions failed to reach their deficit targets. Only 3 of 17 regions met their targets.


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