Reuters logo
Spanish treasury minister rules out fresh budget cuts
February 28, 2013 / 11:46 AM / 5 years ago

Spanish treasury minister rules out fresh budget cuts

MADRID, Feb 28 (Reuters) - Spanish Treasury Minister Cristobal Montoro said on Thursday that the government does not need to implement fresh budget-cutting measures this year to meet deficit targets.

Montoro was speaking at a news conference where he announced that the 2012 public deficit came to 6.74 percent of gross domestic product, missing an official target of 6.3 percent but at a level that will probably be considered reasonable given a deep recession.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below