2012.07.31 00:38:07 Spain Won't Submit Biennial Budget by Tuesday as Required by EU -Report

The Spanish government won't hand in its budget for 2013 and 2014 to
Brussels by Tuesday as required by the European Commission when it
agreed to delay Spain's 3% deficit target by one year until 2014, El
Pais reports in its Tuesday Internet edition, citing European Union
sources.

Spain had to submit by the end of July a biennial budget to detail how
it would bring its deficit below 3% of the gross domestic product in
2014.

Sources at the Budget Ministry downplayed the delay and added the
biennial budget will be submitted in coming days, according to El
Pais.


Newspaper Website: www.elpais.com


Write to Enza Tedesco at enza.tedesco@dowjones.com


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(END) Dow Jones Newswires

July 30, 2012 18:38 ET (22:38 GMT)