- Spain will miss its budget deficit target this year
Market news
19 April 2016
Spain will miss its budget deficit target this year
Spain's Finance Minister Luis de Guindos said on Tuesday that the country would miss its budget deficit target this year. He noted that the deficit was expected to be 3.6% of GDP in 2016, higher than the European Commission's target of below 3%.
de Guindos also said that the deficit was expected to be 2.9% of GDP in 2017.
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