Spain sees no need for major new reforms or taxes

MADRID, April 26 Fri Apr 26, 2013 8:20am EDT

MADRID, April 26 (Reuters) - Spain's Deputy Prime Minister Soraya Saenz de Santamaria said on Friday that there was no need for major new reforms or new taxes, and the government would try to cut taxes in the future.

Announcing a battery of new economic forecasts, the government expects the economy to contract further than originally expected this year, with unemployment rising to 27.1 percent in 2013.