Spain: Deficit may top 8% of GDP

posted by
January 2, 2012
Posted in News

"Spain's public deficit for 2011 may be higher than the 8 percent of GDP forecast by the new government, the economy minister said Monday, fuelling fears the country faces a prolonged period of tight budgets and economic contraction. Spain had originally targeted a 2011 deficit of 6 percent of gross domestic product, but the newly elected conservatives said Friday the deficit would be 8 percent." (01/02/12)  

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