Spain sees 2012 deficit target jump if bank aid included
MADRID (Reuters) – Spain will meet its 2012 public deficit target as dictated by European guidelines, but the shortfall will jump by more than one percentage point if aid to its struggling banks is taken in to account, the government said on Saturday. Spain would meet the deficit goal of 6. 3 percent of GDP this year not including these payments to its banks, Treasury Minister Cristobal Montoro said. The public deficit in 2012 would rise to 7. 4 percent of gross domestic product while the 2011 deficit rose to 9. 4 percent of GDP from 8. . . .
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