Tag Archive for deficit

Spain Has a Problem…

One amongst several, of course, but a rather big one: its ceiling for expenditure is 133,259m euros for 2014 but its tax system is not working. You see, although Spain has one of the highest tax rates in the European Union, it actually brings in less than most.

Almuñécar 45 Million Euro Deficit

The new administration in the Almuñécar Town Hall has had a bit of a shock. The counting has finally finished and the results for the audit which goes back to 2007 and covers the period up until 31 December, 2010, are in.
Unfortunately, the figures show that the administration owes around 45 million euros for the said period, reported the Councillor for Finance, Antonio Laborda.