Spain Econ Min says does not rule out tax hikes

MADRID, June 22 (BestGrowthStock) – Spain does not rule out the
possibility of tax hikes in order to meet its target of reducing
its budget deficit, Economy Minister Elena Salgado said in an
interview with Expansion newspaper published on Tuesday.

“We do not rule out anything,” she said. “We must ensure
that the sum of our income allows us to meet our spending within
the expected budget deficit. That’s a condition.”

Spain aims for the ratio of its budget deficit to gross
domestic product to fall to 3 percent in 2013 from 9.3 percent
this year.

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Spain Econ Min says does not rule out tax hikes