Irish Times. Spain announces austerity plan. 27.09.2012
Spain announces austerity plan
Government ministries saw their budgets slashed by 8.9 per cent for next year, as Prime Minister Mariano Rajoy’s battle to reduce one of the euro zone’s biggest deficits was made harder by weak tax revenues in a prolonged recession.
However, the conservative government said tax revenue would be higher in 2012 than it had been originally budgeted for and would grow 3.8 per cent next year from this year.
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