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Spain to Present 2012 Budget After Missing Deficit Goal

Spain expects the European Union to review its budget-deficit target before the presentation of its 2012 spending plan this week, as last year’s slippage hampers efforts to tackle the euro area’s fourth-biggest shortfall.

“It is expected that once Brussels has knowledge of the data, it will give the corresponding indication in the coming days, and that the government will include it in the spending limit on Friday,” Deputy Minister for Public Administration Antonio Barreda said during an interview with Radio Cinco in Madrid today.