Spain's public deficit could top 8 percent: economy minister

Reuters News
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Posted: Jan 02, 2012 3:38 AM

MADRID (Reuters) - Spain's public deficit could have exceeded the 8 percent of gross domestic product forecast by the new centre-right government on Friday, the Economy Minister Luis de Guindos said on Monday.

The original deficit target for last year was 6 percent of GDP, but the conservatives said last week that the target had been missed due to higher-than-expected shortfalls by the regions, the central government and the social security system.

The new government had a very aggressive reform agenda planned for the next few weeks and months, Guindos added during a radio interview.

(Reporting By Paul Day; Editing by Jose Elias Rodriguez)