Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Spain: Minister proposes spending cuts

|
|
 
  
Published: March. 31, 2006 at 4:59 PM

MADRID, March 31 (UPI) -- Spain must cut back on public spending to reduce the deficit and curb inflation, Economic Minister Pedro Solbes said Friday.

Solbes noted that rising global energy prices, coupled with domestic demand in Spain, could cause the country's economy to falter, El Mundo reported.

Public spending will rise over the next year, he said, but only in relation to Spain's gross domestic product.

Interests rates could also be on the rise to thwart rising inflation, said the minister.

Topics: Pedro Solbes
© 2006 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
Notable deaths of 2012 Scripps National Spelling Bee AmfAR Cinema Against AIDS gala
Indianapolis 500 Presidential Medal of Freedom Memorial Day around the nation
Additional Top News Stories
1 of 27
Snigdha Nandipati of San Diego wins Finals of the Scripps National Spelling Bee
View Caption
Snigdha Nandipati of San Diego, California watches confetti rain down as she wins the two-day Scripps National Spelling Bee championship, May 31, 2012, in National Harbor, Maryland. Nandipati successfully spelled the word .* guetapens *, meaning to lure or ambush. UPI/Mike Theiler
fark
Passenger jet crashes into apartment building in Nigerian capitol. Over 150 princes, bank officials,...
I'll see your zombie apocalypse, and raise you "swarms of deadly spiders" invading a town in India...
Photoshop this woman at the wheel
New book is full of girls in their bedrooms, will be read by people who need to have a seat right...
★☆☆☆☆ Michigan is an uninhabitable swamp. Do not settle
As part of the Queen's jubilee celebrations, Top Gear presenter James May has built a contraption...