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Elena Salgado confirms the Government's intention to change the retirement age
Minister for Tax and the Economy, Elena Salgado, has said she does not rule out any ‘small adjustments’ in the tax take in Spain as the fight to reduce the deficit continues. She said that the deficit will be inside the target for this year, but next year’s budgets will be ‘more difficult’. She said that the government had to be ‘very prudent and demanding’.
The main target is to reduce the deficit to 3% by 2013, and Salgado has said that she thinks the target would be met, though she would not say that the thought it could be approved on.
The Minister has also confirmed, in an interview with the Público newspaper, the government’s intention to raise the retirement age, declaring that there is no other option. Earlier declarations have indicated a change from 65 to 67. She indicated that there are no plans to change company tax at this time.
The Spanish Government has meanwhile forecast a growth in GDP for 2011 of 1.3%.
The main target is to reduce the deficit to 3% by 2013, and Salgado has said that she thinks the target would be met, though she would not say that the thought it could be approved on.
The Minister has also confirmed, in an interview with the Público newspaper, the government’s intention to raise the retirement age, declaring that there is no other option. Earlier declarations have indicated a change from 65 to 67. She indicated that there are no plans to change company tax at this time.
The Spanish Government has meanwhile forecast a growth in GDP for 2011 of 1.3%.
(You can find a photo for this story at Typically Spanish - Click here)