Spain Misses 2013 Budget Deficit Target in Spite of Massive Tax Increases; So Much Pain for Virtually No Reward
Via translation from Libre Mercado please consider Spain’s Budget Deficit Only Two Tenths Lower in 2013 Despite Massive Tax Increase . Spain’s budget deficit fell from 6.84% of GDP in 2012 to 6.62% of GDP last year. The budget goal was far less ambitious than previous, but still did not met the commitment to Brussels.