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02.04.2012
Spain ready for a radical cost - saving measures
Spain ready for a radical cost-saving measures


The Spanish government unveiled a draft budget for 2012, which provides a radical cost-saving measures. On the eve of the country held a general strike in protest against the reforms. In the recession and record unemployment (over 23%) of Madrid intends to reduce the budget deficit from the current 8.5% of GDP to 5.3%.

In presenting the draft budget, Deputy Prime Minister Saenz de Santamaria Thoraya said:
"The Government's efforts aimed at to implement all necessary reforms to change the situation. Because Spain could no longer live with the budget deficit and a high unemployment. We must do everything to restore economic growth and stimulate job creation. "

http://ru.euronews.com/2012/03/30/spain-slashes-spending-in-2012-budget/

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