Spain's PM Rajoy says 2012 public deficit under 7 pct GDP

MADRID Wed Feb 20, 2013 6:29am EST

MADRID Feb 20 (Reuters) - Spain's Prime Minister Mariano Rajoy on Wednesday said the country's public deficit for 2012 would fall under 7 percent of Gross Domestic Product.

During his first speech on the state of the nation, Rajoy said the government had managed to reduce Spain's public finances gap between revenues and spending by more than 21 billion euros ($28.05 billion) last year.