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Spanish PM Rajoy promises fiscal reform, tax cuts

English.news.cn   2014-02-02 21:26:24

SPAIN-VALLADOLID-POLITICS-RAJOY
Spanish Prime Minister Mariano Rajoy, delivers a speech during the closing during the closing of the Popular Party Convention, in Valladolid, Spain, on Feb. 2, 2014. Spanish Prime Minister Mariano Rajoy promised on Sunday to see through a program of fiscal reform in the remaining two years of his mandate.(Xinhua/AGENCIAPUNTOPRESS)

MADRID, Feb. 2 (Xinhua) -- Spanish Prime Minister Mariano Rajoy promised on Sunday to see through a program of fiscal reform in the remaining two years of his mandate.

Speaking to close the national convention of his ruling Popular Party (PP), Rajoy said he would continue with the program of reforms his party have introduced in the slightly over two years since they have been in power.

"We will carry out fiscal reform: of course we will," said Rajoy, who said it would be "an integral reform which will stimulate growth and employment in line with the recovery of the country."

Rajoy said these reforms would not be "merely a retouch and adjustment, we are talking of a new and more simple system which will serve to reactivate the economic system and reactive saving."

The year of 2015 will be an election year in Spain and it is perhaps no surprise that is the year Rajoy has promised to bring in a series of tax cuts.

"We are designing a concrete program which will allow us to make reductions during several years. We will carry out a fiscal reform in agreement with what our manifesto promised," said the prime minister, who congratulated himself and his government for the work they have done, despite the fact Spain's GDP fell by 1.2 percent in 2013 and unemployment is still at 26 percent.

"First we stopped the decline, we stopped it dead in its tracks and we managed to get Spain up and walking again. Between us all we have taken a step forward to recover what we never should have lost in the first place," he said, adding his optimism that the recovery could begin to gather pace in 2014.

"From this point people will notice it, not in a day or a month, but they will begin to notice it. Every day we are closer to recovering," he said.

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Editor: chengyang
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