MADRID (Reuters) – Spain has raised its target for any public deficit to 2.7 percent of monetary output this season from the previous 2.2 percent, Economy Minister Nadia Calvino said on Thursday.

Speaking with a news conference in Brussels, Calvino said Madrid was now aiming for a ratio of just one.8 percent in 2019, in comparison to a prior target of a single.3 %.

The new targets were later confirmed by way of a spokesman.

The Bank of Spain warned last month that measures included in the 2018 budget, such as biggest increasing amount of pension payments for countless years, would push the shortfall after dark original target.