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The Government today approves the spending ceiling of 2018 and reviews growth

The Government today holds an extraordinary Council of Ministers to approve the State's non-financial expenditure ceiling for 2018, as well as an update of the macroeconomic picture Will include an upward revision of growth to 3% for this year.

Madrid, July 3 (EFE) .- The Government today celebrates an extraordinary Council of Ministers to approve the limit of non-financial expenditure of the State for 2018, as well as an update of the table Which will include an upward revision of growth to 3% for this year.

The spending ceiling is included in the government agreement that contemplates the stability objectives Budget and public debt for the 2018-2020 triennium, which will be submitted to the Congress for approval in the following week.

The Government has suggested that there will be a Small margin to raise spending next year, but has also warned that no one expects "big revolutions", since it has yet to meet the budgetary commitments Acquired with Brussels to be able to exit the excessive deficit procedure in 2018.

The Ministry of Finance has already initiated discussions with the political groups to ensure their Approval, although the PSOE has hinted that it might not support it, while Citizens have claimed an IRPF reduction as a necessary condition to vote in favor.

In response to This requirement, Finance Minister Cristóbal Montoro, has advanced to study possible deductions to the IRPF, but has said that it is still too early to say if there will be changes in the In the next few months, citizens will see the upward revision of economic growth from 2.7% to 3% for this year, coupled with better-than-expected The revenue, leaves 2,100 million of margin for punctual cuts of the income tax to the middle and lower classes.

The PSOE has said that it will explain its position today after the meeting Of the Executive, although it has announced as an element to take into account that the communities governed by the socialists have voted against the new goals of deficit agreed this week In the Fiscal and Financial Policy Council (CPFF).

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