Rajoy promises electricity bills 'will go down as soon as there is margin for it'
Friday, June 30, 2017 @ 8:18 PM
SPAIN'S president Mariano Rajoy has promised to lower electricity bills – just as consumer association FACUA has warned of a 9.1% hike on the cards for this year.
Rajoy says 'as soon as there is a margin to do so', he will reduce the cost of domestic energy, and that he will reduce income tax 'once Spain's deficit has reached its target' of less than 3% of the GDP.
The deficit target for this year is 3.1%, falling to 2.2% by the end of 2018, although Spain has as yet failed to comply with its self-imposed targets and narrowly avoided a massive fine from the EU a few months ago.
Even if Spain does meet its targets, this will not be until 2019, meaning it will have taken 10 years to resolve the country's recession-related debt.
Rajoy also says that by the year 2020, a total of 20 million people in Spain will be in employment, and says the Spanish economy has 'experienced an unprecedented transformation' thanks to his government's reforms since it gained power in November 2011, making Spain 'one of the fastest-growing economies in the Eurozone'.
Read more at thinkSPAIN.com