Madrid May Boost Transport Ticket to Cut Deficit, Expansion Says

Madrid’s regional government may increase the cost of transport tickets as part of measures to reduce its deficit, Expansion reported.

Tax revenue last year declined by about 1 billion euros ($1.33 billion) below the administration’s estimates, Expansion said.

To contact the reporters on this story: Esteban Duarte in Madrid at eduarterubia@bloomberg.net

To contact the editor responsible for this story: Emma Ross-Thomas at erossthomas@bloomberg.net

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