08/11/2016 (Agence Europe) – On Tuesday 8 November the Spanish minister for finance, Luis de Guindos, indicated that the new minority government of Mariano Rajoy would present a revised draft budget for 2017 "in the next few weeks". This is expected to receive broad parliamentary support. The draft budget seeks to outline measures to reduce the Spanish public deficit by around €5 billion because the country needs to respect the commitment made to reduce the public deficit by 4.6% of GDP in 2016, 3.1% in 2017 and by 2.2% in 2018 (see EUROPE 11658). It will not be included in the analysis of the 2017 draft budgets for eurozone countries that the European Commission will present on Wednesday 16 November, before the Ecofin Council assesses the dossier on Tuesday 6 December. (MB)