MADRID — Spain announced cutbacks and tax increases Thursday aimed at saving $50 billion from its budget next year, as Europe's fourth-largest economy struggles to avoid a larger bailout by its neighbors.
Tuesday, October 2, 2012
Spain announces cutbacks, tax increases
The measures, including frozen salaries for civil servants and a 9% budget cut for all government departments, are intended to save $50 billion.
MADRID — Spain announced cutbacks and tax increases Thursday aimed at saving $50 billion from its budget next year, as Europe's fourth-largest economy struggles to avoid a larger bailout by its neighbors.
MADRID — Spain announced cutbacks and tax increases Thursday aimed at saving $50 billion from its budget next year, as Europe's fourth-largest economy struggles to avoid a larger bailout by its neighbors.
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