Monday, January 24, 2011

Austerity measures in Catalan budget for 2011

From http://www.catalannewsagency.com/news/politics/catalan-government%E2%80%99s-budget-will-be-10-smaller-2011 (in English)

President Artur Mas recently announced the budget for 2011, which has been reduced by 10%. A vast array of austerity measures are needed in order to reduce deficit, which accounted for 7,000 million euros in 2010, 3.6% of Catalonia's annual GDP. Cuts by the Spanish government on funds previously agreed on are worsening the economic situation.

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