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Spain says open to extending tariff deficit bond programme
October 4, 2013 / 1:22 PM / 4 years ago

Spain says open to extending tariff deficit bond programme

MADRID, Oct 4 (Reuters) - Spanish Industry Minister Jose Manuel Soria said on Friday that he was open to extending a programme which finances any deficit accrued in the electricity system through state-backed FADE bonds this year.

Spain had expected a 26-billion-euro electricity tariff deficit to stop growing this year, but Soria said last month the debt could grow by up to 3 billion euros in 2013.

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