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Spanish Government Announces New Measures To Create Jobs And Reduce Deficit

2011/8/20 10:42:00 53

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Employment And Deficit Reduction Measures

The Spanish government announced 19 new three jobs on employment and deficit reduction.

Financial measures

, including temporary reduction in the purchase of new housing value-added tax and the increase of large enterprises.

Tax prepayment

And reduce medical expenses.

Minister of pport and development

Jose Blanco

After the special ministerial meeting held on that day, the government announced that it would temporarily reduce the value added tax of new premises from 8% to 4% by December 31st this year, which means that the purchase of a 200 thousand euro house can save 8000 euros.

Blanco said that Spain now has about 700 thousand new premises vacant, a measure aimed at "reactivating the potential demand for construction industry" and "helping the most affected sectors to create jobs".

Earlier, in early 2010, the west government increased the value added tax of new houses from 7% to 8%.

The increase in corporate tax prepayments for large enterprises will involve about 3900 companies with annual revenues of more than 20 million euros, which account for about 0.5% of the total Spanish Company.

Salgado, Spain's second deputy prime minister and Minister of economy and finance, pointed out that companies with a turnover of between 20 million and 60 million euros would impose a 24% tax rate, an increase of 51 thousand euros in advance payments, and a tax rate of 27% over 60 million and an increase of 255 thousand in advance payments.

But she also stressed that this is just a temporary measure for 2011, 2012 and 2013.

Reducing drug expenditure will save about 2 billion 400 million euros of annual drug expenditure for the state and autonomous regions.

Blanco asked doctors not to follow the name of drug brand while prescribing, but according to the effectiveness of drugs, pharmacists should choose the lowest price drugs among similar drugs.

He stressed: "we should not let drugs be filled with drugs that are not used or expired, which are paid by taxes."

In addition, he is sure to provide assistance to some small pharmacies in rural areas and poverty-stricken areas for a maximum of 800 euros per month.

The above measures have been obtained.

Royal Decree

Approval and will be implemented immediately.

Parliament may pass these bills at an emergency meeting on the 23 day.