According to the fiscal authorities of Spain, the deficit in its budget for the second quarter of 2013 was fixed at EUR 40 billion, accounting for 3.81% of GDP. At the finish of the first half of 2012 the same figure was 4.15% of the gross domestic product.
Of these 40 billion, € 13,984 billion accounts for interest payments on loans, which is 14.4% higher than a year before. If these payments are not taken into account, the remaining amount of the deficit – 26.017 billion €, which is 17% lower than the same figure of the same period last year.
“The figures confirm our words about braking downs of the economy – the head of the Ministry of Taxes Cristobal Montoro. – The country came to the point a sharp breaking economic processes. We see that it begins to strengthen and growth, as evidenced by the continued and several months of unemployment reduction.”