Spain's PM Rajoy says 2012 public deficit is 6.7 pct of GDP

MADRID Wed Feb 27, 2013 3:37am EST

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MADRID Feb 27 (Reuters) - Spanish Prime Minister Mariano Rajoy said on Wednesday the country's public deficit for 2012 was 6.7 percent of gross domestic product, in a debate in Congress.

Rajoy had said last week the public deficit for last year would fall under 7 percent of GDP.

The European Commission has forecast Spain will have a deficit of 6.7 percent of GDP in 2013, rather than the 4.5 percent Europe-agreed target, and that it will reach 7.2 percent in 2014 if further reforms are not imposed, against a 2.8 percent target.


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