Spain's new government said on Friday the public deficit for 2011 would come in at 8 percent of gross domestic product, well above a target of 6 percent, and announced income and property tax hikes and a civil servant wage freeze in response.

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  • UPDATE 1-Spain says deficit bigger than expected, unveils tax hikes
    * Govt says sees 2011 public deficit at 8 pct of GDP MADRID, Dec 30 (Reuters) - Spain's new government said on Friday the public deficit for 2011 would come in at 8 percent of gross domestic product, well above a target of 6 percent, and announced income ...
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