Spain halts works projects worth €6.4bn

Author (Person)
Series Title
Series Details 23.7.10
Publication Date 23/07/2010
Content Type

The Spanish government announced on the 22 July 2010 it would postpone or cancel 231 public works projects as part of an austerity drive aimed at slashing a budget deficit equivalent to 11.2% of gross domestic product.

José Blanco, the public works minister, said he had been forced to cut €6.4bn of state-funded works over the next two years, equal to about 20% of planned or awarded tenders.

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