Spain Says Deficit Bigger Than Expected, Unveils Tax Hikes

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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BING NEWS:
  • Spain says deficit bigger than expected, unveils tax hikes
    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. Spain has ...
    09/17/2014 - 11:55 am | View Link
  • Spain Unveils Sweeping Cuts on Income, Corporate Taxes
    They will also put more money in the pockets of consumers as the ruling, conservative Popular Party moves toward elections, which are expected ... a decline in tax revenue and a reversal of three years of advances in trimming the budget deficit.
    06/20/2014 - 3:26 pm | View Link
  • Spain says goodbye to its king-and austerity
    The austerity measures drew criticism from economists-and a ... effort ahead of Spanish national elections next year. Measures are expected to include cutting the corporate tax rate to 25 percent from 30 percent. In addition, a 750 million euro package ...
    06/2/2014 - 8:39 pm | View Link
  • Spain edges toward economic abyss amid Europe woes
    The next day, new center-right Prime Minister Mariano Rajoy is expected to unveil about 30 billion euros ($40 billion) in spending cuts and tax hikes in a deficit-slashing budget ... s struggling banks with even bigger bad loan burdens and toxic property ...
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  • Rajoy’s budget seeks to buy time for Spain
    MADRID (MarketWatch)—As Spanish Prime Minister Mariano Rajoy unveils ... deficit won’t be reached, albeit by an acceptable amount,” Ruiz-Scholtes said. Rajoy is expected to announce up to 40 billion euros ($50.7 billion) worth of spending cuts and ...
    03/28/2012 - 1:05 am | View Link
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