MADRID: Spain's Treasury Minister Cristobal Montoro
said on Saturday the 2012 public deficit would reach 7.4 percent of
gross domestic product when transfers to aid its struggling banks are
included.
This was above the original deficit target of 6.3
percent of GDP for this year, which Montoro said the government would
achieve if the aid to banks was not considered.
The public
deficit stood at 9.4 percent of GDP in 2011 when these transfers...
