Spanish government deficit budget is still too large

Spanish government deficit was as of last August is still higher than the target set by the EU for the whole of 2012.
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Spain deficit was for the first eight months at 4.77 percent, while Spain joined not to have a large state deficit than 4.5 percent this year. There are over 50 billion Euros too much Marbella apartments.
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The reason is, according to Spanish government mainly reduced consumption and thus lowers tax revenues and to Spanish government had to give the autonomous regions advance on their money. Despite this, the Secretary of State certifies the tax department Marta Fernández Currás the budget target will be met by increased revenues at the end of the year, not least because of the VAT increase.
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The overall deficit in Spain is including the regional and local administrations, to be as agreed with the EU not to exceed 6.3 percent this year.

Andalusia needs five billion.
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The Andalusian regional government is expected to apply for almost five billion euros of government support fund, to be able to pay its debts and repayments.
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Speculation has been going on for more months of Andalusia’s borrowing requirements, but so far, the Socialist regional government remained low. Now, however, notify the Regional Financial Counsellor Carmen Martínez Aguayo that it is “very likely” that they seek support loan of the State Support Fund for the autonomous regions, FLA, at 4.9 billion euros. This after studying conditions and found them “reasonable.”
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Regions Valencia, Murcia and Catalonia have already applied for aid, to meet its financial liquidity problems.

New Spanish region seeking emergency loans.

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Yet another Spanish region need emergency loans from the Spanish central government to not be forced to suspend payments.
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Region of Castilla-La Mancha may need 800 million euro immediately to meet their expenses.
Castile-La Mancha then becomes the fifth of the country’s 17 regions to seek support, after Catalonia, Valencia, Murcia and Andalusia.