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(Title) The budget for 2011 will be “restrictive and austere,” he said today the Spanish Prime Minister Jose Luis Rodriguez Zapatero, reaffirming the goals of reducing the public deficit to six % of GDP next year and 3% in 2013.
In 2009 the deficit reached 11.2% of GDP in Spain.
“The commitments to reduce deficit target of 6% in 2011 and 3% in 2013 would be respected, “said Socialist Prime Minister at a press conference in Madrid.
In this interview, Zapatero took stock of government action during the first half of 2010, which featured “difficult”
“So, the budget for 2011 will introduce in September will not necessarily be restrictive and austere,” he said, stressing that the new budget includes an average reduction of expenditure of the ministries of around 15%.
Alongside the Ministry of Economy of Spain presented today optimistic after the publication of earlier data on unemployment in Spain – which reached 20.09% in the second quarter of 2010 – emphasizing the “dynamism” which create jobs. But the opposition has condemned the “terrible” elements.
“The job creation record the best performance since September 2007,” states a press release by the Spanish Ministry of Economy.
However “good performance in jobs was offset by an increase in the working population by 115,500 people in the second quarter, which caused an increase in the number of unemployed by 32,800 “and an unemployment rate stands at 20.09% versus 20.05% at the end of March points out the ministry.
The Ministry insists on increasing the number of people employed by 82.7 thousand, which is “the largest increase since September 2007 and which now brings in 18,477,000 number workers in Spain.
But the leader of the opposition Popular Party Mariano Rachoi found the rate of unemployment “awesome” and noted that his party will not give up on this issue.
The Rachoi also featured “error” the labor market reform adopted last night by Spanish parliamentarians, stressing that “this reform will not create one single job”.
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30-7 -2010
Andy Bernstein just got a whole lot cooler … 
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