Arab Today, arab today spain rejects imf recommendations on more indirect taxes
Last Updated : GMT 08:53:10
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Spain rejects IMF recommendations on more indirect taxes

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Arab Today, arab today Spain rejects IMF recommendations on more indirect taxes

Spanish State Secretary for Economy Fernando Jimenez
Madrid - XINHUA

Spanish State Secretary for Economy Fernando Jimenez Latorre on Friday said it was not the moment for Spain to increase more indirect taxes as the IMF recommended in a recent report.
Latorre said that the government had already increased indirect taxes and "this increase needed to be assimilated."
He also appreciated the new forecasts announced by the IMF on Thursday that, in his opinion, confirm Spain's economy is recovering faster than previously thought.
The IMF said Spain would grow by 1.2 percent this year as opposed to 0.9 percent as predicted previously. It also forecast 1.6 percent growth for 2015 as opposed to 1 percent earlier.
Spain would grow by 1.7 percent in 2016 and by 1.8 percent in 2017, the agency added.
The IMF said economic predictions were revised higher because of measures implemented by the Spanish government and the efforts made by the Spanish society.

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