Valuable Opinions, Comments & Gossip
Latest News, Stories
& Hot Topics
Tools & Widgets to
help with finances
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
Spain plans to borrow €207.2 billion in 2013, the Budget Ministry said on Saturday.
Spanish bonds' share of debt in circulation will fall 78.6% next year when the average maturity of its debt will fall to 5.8 years, the ministry said today in the so-called yellow book which sets out the budget in detail.
The country's cash deficit will be €38.1 billion, and its ratio of debt to GDP will reach 90.5% next year, the ministry said.
The budget assumes 10-year borrowing costs of 5%, Brent crude at $101 a barrel and the euro at $1.24.
Ha! I saw what you did then @Robster - You made a currency joke! I was more interested in the assumption of 5% borrowing cost on 10 year bonds! Clearly Benny Hill was in charge of the calculator when deciding the budget!
"Assuming the Euro at $1.24" seems to be a huge and very important assumption !