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Dutch FinMin: telecom auction proceeds not for spending

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AMSTERDAM | Tue Dec 18, 2012 9:37am EST

AMSTERDAM Dec 18 (Reuters) - Dutch Finance Minister Jeroen Dijsselbloem said he sees no room to use telecoms spectrum auction proceeds of 3.8 billion euros ($5 billion) for extra spending or to reduce the government's austerity programme.

"I totally do not see room for this. Then you would say: we'll cut less or we'll spend more. There is no room for this," Dijsselbloem told Dutch broadcaster RTL 7 on Tuesday.

($1 = 0.7598 euros) (Reporting by Gilbert Kreijger: Editing by Sara Webb)

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