The Spanish government finance minister ,Elena Salgado,is expected to announce tax rises in the next few weeks.So say some of the leading Spanish economists.They warn that the government will have to do this to cover the cost of their public spending.There is it seems a deficit caused by its increase in public spending.
Public works minister Jose Blanco has already given hints that people who earn more should pay more taxes.Analysts believe that this was his way of warning that tax rises were inevitable.The government doesn’t want to cut its public spending programme but maybe that is just what it must do .It is very bad housekeeping to spend money that you do not have to spend.Then to claw it back from the public seems to be quite immoral.Increasing the tax on alcohol,cigarettes and the like would be a much better way than putting up the general rate of tax.The 2010 budget will be announced in the next few weeks.
