Spain on track to cut deficit even in weaker economic scenario, minister says

Written by on November 8, 2021

November 8, 2021

MADRID (Reuters) – Spain is well positioned to reduce its deficit and cutting debt even amid a souring global economic outlook thanks to prudent budget plans for the coming year, Economy Minister Nadia Calvino told reporters in Brussels on Monday.

Asked whether surging energy prices would force the government to alter its growth forecast, Calvino said the price hike was a “temporary phenomenon that should improve over the coming year.”

(Reporting by Nathan Allen, editing by Inti Landauro)

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