The Spanish government will adopt next Thursday new economic measures aimed at addressing general deficit, Treasury Minister Cristobal Montoro said Monday.
He said the new measures were “decisive and necessary” to tackling the difficult challenges facing Spain amidst projections of European and global slow economic grwoth.
Montoro said the new measures, to be passed during a cabinet meeting next Thursday, aimed at reviving economy, creating jobs, encouraging investments and boosting confidence of European partners in the Spanish economy.
Spanish Finance Minister Luis de Guindos, earlier today, projected general deficit to exceed eight percent of GDP for 2011.
Spanish central bank anticipated last week that national economy might witness recession in the first quarter this year.