Spain Won’t Adopt Further Austerity Measures as Deficit Halves

Spain said it doesn’t need to adopt further austerity measures to stem a surge in borrowing costs as the central government’s budget gap narrowed by almost half. Spain’s central government budget deficit fell to 2.96% of GDP in the first 10 months from 5.63% a year earlier as tax revenue rose 10.9%, the Finance Ministry said in a statement in Madrid. – Bberg

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.