OPINIONS

Compliance with Deficit and Debt Targets

July 30, 2014

Compliance with Deficit and Debt Targets

Executive Summary

1 There are risks of non-compliance with the public  debt threshold established for 2020.

2 The assessment of the General Government’s  (GG) compliance with the appropriate debt targets  must be performed at all levels comparing the  initially set target and the actual data observed,  both falling under the same definition.

3 Proper mechanisms should be implemented in  order to conduct a quarterly analysis of the  corrective measures applied by the Central  Government when it fails to meet any deficit or  public debt targets.