IMF Says Spain Needs to Raise Taxes After Election-Year Cuts
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Spanish Prime Minister Mariano Rajoy will have to take action to increase government revenue to compensate for the cost of tax cuts announced last month, the International Monetary Fund said.
“What we’ve seen so far is revenue losing,” James Daniel, head of the IMF’s Spain mission, said during a telephone conference from Washington today. “That will need to be compensated by further measures in the future.”