The conservative Popular Party (PP) government widely failed to meet the 2015 budget deficit target agreed with the European Commission (EC), leaving a daunting legacy for the next administration, whenever there is one, further eroding Spain’s credibility and straining relations with Brussels which will be asked for more time to get the deficit back below the EU’s ceiling of 3% of GDP.
http://www.blog.rielcano.org/en/spains-failure-yet-again-to-meet-budget-deficit-target-strains-relations-with-brussels/