Spain’s Catalonia Considers Cutting Public Wages, Tax Increases- Bloomberg

Catalonia, the wealthiest of Spain’s 17 semi-autonomous regions with an economy the size of Portugal’s, may cut public wages and raise taxes and tariffs in 2012 as it tries to meet the nation’s budget deficit target.

Catalan President Artur Mas announced possible cost-cutting measures today before the presentation of the region’s 2012 budget in the coming weeks, according to a spokeswoman for the finance department, who declined to be named in line with the region’s policy. No figures were provided, she said by phone.

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