Tags: Public deficit

Government to correct capital gains tax to combat speculation

The Minister of the Treasury and Public Administration Services, Cristóbal Montoro, announced in the Lower House of Parliament on Thursday that the Government will correct the current regime governing the capital gains system in order to “combat speculation” in the markets. During the parliamentary debate to ratify the decree on measures aimed at correcting the
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Andalusian government cuts public sector salaries and raises taxes

The new left-wing coalition government has announced cuts to reduce spending and meet deficit target Despite heavy criticism of the decisions made by Madrid, the new Andalusian government, formed by the socialist PSOE and far left Izquierda Unida, has announced cuts to help reduce the region’s public deficit.
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Help for regions won’t harm Spain’s rating, minister says

Finance Minister Cristóbal Montoro said Monday that he does not believe that the central government’s plans to help the Spanish regions secure cheaper funding will undermine Spain’s sovereign rating. The regions have asked Madrid to consider the issue of so-called hispanobonds that would be issued by the regions but backed by the central government, which
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