May 28, 2013

Public deficit threatening to get out of hand

Despite spending cuts and tax hikes, the Spanish government is still struggling to rein in the public deficit.

The shortfall in the central government’s books widened in the four months to April as a result of increased spending on unemployment payments and interest on debt, while tax revenues fell due to the downturn in the economy, the Finance Ministry said Tuesday. Read more.

El País

Related,
Rajoy and party barons fail to agree on deficit - El País

No comments:

Post a Comment