European budgets under pressure, bad times
Related Topics: In Europe, yielded savings effects such as debt should rise, politicians change the rules Soften budget fiscal rules in the OPF all is said, it's time to decide Egyptian budget in worse shape than expected Fiscal Rules safety vests learn Disciplining Union budget early retirement discipline? This is nothing new after winning the elections market is expected to reform the tax system easier to patch than to change
The scale of the revision of the budget in Poland is one of the largest in Europe. Due to the slower development of budgets of all EU countries are indeed tight, but only a few countries are reviewing their budgets. The German government decided a few weeks ago that in order to remove the effects of floods will increase the budget deficit by 25.1 billion euros. Slovenia has already amended the budget, planning to Croatia.
The results of the second quarter, the GDP growth in most European Union countries will be announced within a month. The results of the first quarter and the fourth early retirement quarter of 2012 show that in many countries, growth will be lower than projected in the autumn of last year and the recession will be deeper than anticipated (table).
This situation is also Polish. Like us, several other European countries have already announced a review of the budget. But this is not common practice. early retirement Many countries are implementing their budgetary objective early retirement despite weaker GDP growth, although some countries early retirement feel the same problems as Poland.
French budget anticipated reduction in the general government deficit of 4.8 per cent. last year to 3 percent. in the current year. Stability Programme submitted by France in the spring of the Commission assumed that the deficit will be higher and will be about 3.7 percent. In late June, the Board of Auditors, the agency that controls finance, estimated that the actual deficit will be about 4 percent. GDP due to declining early retirement revenues and higher spending pressures.
This view is the Finance Committee of the National Assembly early retirement of France. According to the budget deficit, which was in accordance with the Act amount to 61.5 billion euros, early retirement will probably reach 80 billion. According to the Board of Auditors to achieve in 2015 fiscal target - 3 percent. GDP deficit - are necessary structural spending cuts of 13-15 billion next year and 15 billion in 2015.
The UK economy begins to recover, early retirement so the target budget is not compromised. In the last financial year that ended in March, the deficit amounted to 118.8 billion pounds. early retirement This year is expected to reach 119.8 billion pounds (7.5 per cent. GDP), but after two months of the implementation of the budget gap was 21.4 billion pounds, a year before 24.3 billion pounds. British budget of 342 million pounds gained thanks early retirement to the agreement signed in May with Switzerland to fight tax evasion. The first estimate spoke of additional income over 3 billion, but at the end of June were revised downward.
In late June, the German government decided that this year's budget deficit will be increased by 25.1 billion euros (about 0.7 percent. GDP) to create a fund for victims of the floods. Nevertheless, the German early retirement budget is balanced. Next year's deficit is expected early retirement to reach 6.2 billion in 2015 to appear in surplus, allowing reduction of the public debt of more than 2 trillion euros.
In the Netherlands, GG deficit early retirement after the first half fell to 2.9 per cent., But Prime Minister Mark Rutte warned that the preliminary results and further spending early retirement cuts will be needed early retirement to implement the country for tax purposes set by the European Union. Dutch Statistics Office (CBS), which published early retirement the data found that the reduction in the deficit is due to proceeds from the auction telecommunications licenses. early retirement
Thanks to the central budget recorded a surplus for the first time since 2008 - 4.5 billion early retirement euros. The Dutch government, early retirement in turn, costs incurred nationalization of the financial group SNS Reaal 3.7 billion and a further 6 billion loan for the group. The government is looking for savings of 6 billion early retirement to the deficit next year is not increased by more than 3 percent.
In Italy, early retirement the government early retirement wants to reduce the deficit AIM to 2.9 percent. Last year, the deficit was 3 percent. According to the Central Bank of Italy budget results so far indicate that the target is not threatened despite the ongoing recession and the unstable coalition government. In the first half increased tax revenues, which experts say shows that fiscal reforms produce results.
The Spanish government early retirement expects that this year GDP will fall by 1.3 per cent., And next year will increase 0.5 percent. As a result of the recession changed the fiscal target. This year's early retirement deficit of 6.5 percent of GDP instead early retirement of the 6.3 percent expected soon., And 5.8 percent next. GDP instead of 5.5 percent.
Portugal plans to reduce early retirement this year's deficit to 5.5 percent of AIM. GDP. In the previous year amounted to 6.4 percent. But at the end of March, the 12-month deficit was 7.1 per cent. GDP. However, the Portuguese Government does not intend to change the fiscal, considering that bed
Related Topics: In Europe, yielded savings effects such as debt should rise, politicians change the rules Soften budget fiscal rules in the OPF all is said, it's time to decide Egyptian budget in worse shape than expected Fiscal Rules safety vests learn Disciplining Union budget early retirement discipline? This is nothing new after winning the elections market is expected to reform the tax system easier to patch than to change
The scale of the revision of the budget in Poland is one of the largest in Europe. Due to the slower development of budgets of all EU countries are indeed tight, but only a few countries are reviewing their budgets. The German government decided a few weeks ago that in order to remove the effects of floods will increase the budget deficit by 25.1 billion euros. Slovenia has already amended the budget, planning to Croatia.
The results of the second quarter, the GDP growth in most European Union countries will be announced within a month. The results of the first quarter and the fourth early retirement quarter of 2012 show that in many countries, growth will be lower than projected in the autumn of last year and the recession will be deeper than anticipated (table).
This situation is also Polish. Like us, several other European countries have already announced a review of the budget. But this is not common practice. early retirement Many countries are implementing their budgetary objective early retirement despite weaker GDP growth, although some countries early retirement feel the same problems as Poland.
French budget anticipated reduction in the general government deficit of 4.8 per cent. last year to 3 percent. in the current year. Stability Programme submitted by France in the spring of the Commission assumed that the deficit will be higher and will be about 3.7 percent. In late June, the Board of Auditors, the agency that controls finance, estimated that the actual deficit will be about 4 percent. GDP due to declining early retirement revenues and higher spending pressures.
This view is the Finance Committee of the National Assembly early retirement of France. According to the budget deficit, which was in accordance with the Act amount to 61.5 billion euros, early retirement will probably reach 80 billion. According to the Board of Auditors to achieve in 2015 fiscal target - 3 percent. GDP deficit - are necessary structural spending cuts of 13-15 billion next year and 15 billion in 2015.
The UK economy begins to recover, early retirement so the target budget is not compromised. In the last financial year that ended in March, the deficit amounted to 118.8 billion pounds. early retirement This year is expected to reach 119.8 billion pounds (7.5 per cent. GDP), but after two months of the implementation of the budget gap was 21.4 billion pounds, a year before 24.3 billion pounds. British budget of 342 million pounds gained thanks early retirement to the agreement signed in May with Switzerland to fight tax evasion. The first estimate spoke of additional income over 3 billion, but at the end of June were revised downward.
In late June, the German government decided that this year's budget deficit will be increased by 25.1 billion euros (about 0.7 percent. GDP) to create a fund for victims of the floods. Nevertheless, the German early retirement budget is balanced. Next year's deficit is expected early retirement to reach 6.2 billion in 2015 to appear in surplus, allowing reduction of the public debt of more than 2 trillion euros.
In the Netherlands, GG deficit early retirement after the first half fell to 2.9 per cent., But Prime Minister Mark Rutte warned that the preliminary results and further spending early retirement cuts will be needed early retirement to implement the country for tax purposes set by the European Union. Dutch Statistics Office (CBS), which published early retirement the data found that the reduction in the deficit is due to proceeds from the auction telecommunications licenses. early retirement
Thanks to the central budget recorded a surplus for the first time since 2008 - 4.5 billion early retirement euros. The Dutch government, early retirement in turn, costs incurred nationalization of the financial group SNS Reaal 3.7 billion and a further 6 billion loan for the group. The government is looking for savings of 6 billion early retirement to the deficit next year is not increased by more than 3 percent.
In Italy, early retirement the government early retirement wants to reduce the deficit AIM to 2.9 percent. Last year, the deficit was 3 percent. According to the Central Bank of Italy budget results so far indicate that the target is not threatened despite the ongoing recession and the unstable coalition government. In the first half increased tax revenues, which experts say shows that fiscal reforms produce results.
The Spanish government early retirement expects that this year GDP will fall by 1.3 per cent., And next year will increase 0.5 percent. As a result of the recession changed the fiscal target. This year's early retirement deficit of 6.5 percent of GDP instead early retirement of the 6.3 percent expected soon., And 5.8 percent next. GDP instead of 5.5 percent.
Portugal plans to reduce early retirement this year's deficit to 5.5 percent of AIM. GDP. In the previous year amounted to 6.4 percent. But at the end of March, the 12-month deficit was 7.1 per cent. GDP. However, the Portuguese Government does not intend to change the fiscal, considering that bed
No comments:
Post a Comment