The government revised down the growth forecast for 2011.
Spanish Minister of Economy and Finance, Elena Salgado, confirmed Tuesday that it revised down in a few tenths, the growth forecast for 2011 in Spain, as a result of adjustment measures announced last. However, the second vice president made clear that "slower growth than expected does not mean negative growth" in any case, said in a news conference after the meeting of EU Ecofin Council,, sto credits, Lower growth than expected does not mean negative growth Asked by the impact of recently announced cuts, acknowledged that "a lower public spending can have an effect on growth." "We will revise down, a few tenths, our growth forecast for 2011, which was 1.8%," said Salgado, who added that does not arise to review the forecast for the current year, 2010.
? Raise taxes? The, darkfall gold for sale, purpose of a hypothetical tax increase, Salgado recalled that both the Spanish Prime Minister Jose Luis Rodriguez Zapatero, as she herself has said repeatedly that the adjustment is presented as reduction of public spending.
"That's what we announced and what we've presented," he said, adding: "Of course nothing is excluded, but right now there is no proposal nor any specific study" a, darkfall gold, purpose of a tax increase.
Salgado excluded so, so sharp, that the package of measures announced to reduce the deficit, and that will be approved next Thursday in the Council of Ministers by Decree-Law, will include an increase of these characteristics. And so will, among other things, because as the minister reminded, tax increases can not be approved by that procedure.
But that does not mean that, beyond the package of measures, the possibility is excluded. In fact, just hours earlier, the Deputy Prime Minister Maria Teresa Fernandez de la Vega, left open the possibility of raising taxes on higher incomes.