Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain sees 2012 deficit at 7.4% of GDP

Source: Reuters - Sat 29th Sep 2012
Spain sees 2012 deficit at 7.4% of GDP

Spain's Treasury Minister Cristobal Montoro said on Saturday the 2012 public deficit would reach 7.4 percent of gross domestic product (GDP) when transfers to aid its struggling banks are included.

This was above the original deficit target of 6.3 percent of GDP for this year, which Montoro said the government would achieve if the aid to banks was not considered.

The public deficit stood at 9.4 percent of GDP in 2011 when these transfers were taken in to account, he said, up from a previous estimate of 8.9 percent.