Cost Of Cigarettes And Drink Set To Rise

Cost Of Cigarettes And Drink Set To Rise –  the Spanish Finance Minister has indicated that there will be tax increases

Cost Of Cigarettes And Drink Set To Rise

Cristobal Montoro, the Spanish Finance Minister, has indicated that taxes on cigarettes, alcohol, and  fizzy drinks are going to increase.  At the moment it has not been said how much extra tax will be added to these things. Spain is battling to reduce the national  deficit to less than 3%.  This is seen as a way to help bring that figure down.

newsad
 

Reducing The Deficit

Other measures aimed at reducing the national deficit include reducing the number of rebates made to companies, which could save €4.3 billion.  Unemployment is a major factor in the national spending, though the number of people claiming unemployment support has fallen.

The Government’s Goals

The deficit currently stands at 5.1%. The government is aiming to reduce that to 3.1% by the  end of 2017, which equates to a reduction of €16 billion.  The next step will be  to reduce that deficit to 2.2% by 2018.

Written by Dave James

News on 93.6 Global Radio

Keep up to date with all the latest news from the Costa del Sol with the coast’s official English speaking radio station, 93.6 Global Radio.

More Costa del Sol News Stories

Some recent headlines from the Costa del Sol. See all the 93.6 Global Radio News

Extreme Heat Warnings For The Costa Del Sol
AEMET has issued the first extreme heat warnings of 2025 for the Costa Del Sol on Thursday and Friday. 
Fans Fury Over Jennifer Lopez Let Down
The A List star was on fine form in Fuengirola but fans have blasted bad organisation and dangerous delays.
Wind Warnings For The Costa Del Sol
Yellow weather warnings for gale force 7 winds have been issued for Friday and Saturday by Spain’s national weather agency.
Cost Of Cigarettes And Drink Set To Rise
Author: GlobalRadio


Click to listen live now! Opens in smaller stream window, so you can listen and keep browsing!

93.6 Global Radio broadcasting LVIE from Miraflores on the Costa del Sol.  Listen live now.

On Air Right Now!

Visit our Sponsors