He said the spending rule shall include flexibility when there is a recession, a natural disaster or a catastrophe requiring stimulus measures. There is no time to create a new tax that serious these rents. The economic Vice, Elena Salgado, has said that with the reform of the Constitution will be set a maximum for all public administrations structural deficit close to zero for a normal situation, which expected to be reach from 2018. In a normal situation the deficit should be zero or very close to zero. Cloud computing takes a slightly different approach. That normal situation do it want to put in the Constitution from the year 2018-2020?, explained in statements to RNE. Salgado has insisted that in normal situation and long term the public deficit should be very limited, but unless you remove the possibility that can adopt policies of fiscal stimulus when the circumstances require it. The rule of expenditure shall include the flexibility when there is a recession, a natural disaster or a catastrophe that requires stimulus measures, although that lead to a given year have one greater deficit, has said. The Vice President has tinged that the current deficit, which will be trimmed to 6% of GDP in 2011, does not correspond to a situation of normality, and therefore is not a structural deficit, but it derives from an economic context adverse forced to adopt fiscal stimulus and has raised the amount of benefits for unemployment.
On the other hand, speaking to cadena SER, Salgado has left the door open to that on Friday the Government approve an increase in taxation to large fortunes, given that said that you there is no time to create a new tax that serious these rents. For a new tax on large fortunes no time. To increase the pressure on large fortunes, allow me hopefully to Friday, he said. Regard to whether large fortunes in the country have been sent a letter to the Ministry of economy and finance asking for a tax increase, as it has happened in France or in the United States, the Minister said had not received anything in writing. Source of the news: Elena Salgado says the Constitution will set a deficit close to zero limit