- Thus, the obligations of remission of information derived from the Two-Pack
The Spanish Government has sent the 2014 Budgetary Plan of the Public Administrations to the European Commission, in compliance with the provisions of the Regulation on common provisions for the monitoring and evaluation of the draft budget plans and for the correction of the excessive deficit of the member states of the euro area (Regulation 473/2013), one of the two that make up the so-called “Two Pack”.
Those of 2014 are the first budgets in which the new European regulation that requires the submission of a Budget Plan before October 15 has been applied. The plan contains the information related to the draft budgets of the Central Administration and the fundamental lines of the other subsectors of the Public Administrations.
With the sending of this report, the process of sending information to the European Commission that started on October 1 is completed. Along with this, another is sent on the Effective Action taken by Spain to correct the excessive deficit, in line with the recommendations formulated by the European Council, which is accompanied by an analysis of the budget execution of the Public Administrations. The Economic Partnership Program is also sent, which describes the measures and structural reforms applied in development of the National Reform Program and the Stability Program.