In order to meet the deficit target in 2014 will need to be a consolidation of about 1.5 percentage points of GDP semester in the second half of the year, “almost twice as achieved in the first half,” estimates UTAO.
According to the Technical Unit for Budgetary Support, taking into account the official projections for GDP and the deficit in 2014, “it will be necessary that the second half of the deficit amounts to 3.1% of GDP for that semester materialize the annual goal. “
This consolidation corresponds to ‘almost double achieved in the first half (0.8 percentage points of GDP semester),” says a note from the unit.
The UTAO states that there are differences which ‘can benefit the additional deficit reduction’ in the second half of the year as the payment of holiday pay to civil servants: last year was paid in the second half (in November and December) and This year, the payment occurred in June and July, ie, already reflected in the first half of the year, that it will “benefit compared with the same period ‘.
Another matter that can positively contribute to the achievement of the goal is an implementation of the program terminations by mutual agreement lower than expected in the second amending budget.
No comments:
Post a Comment