Spain: Rajoy prepares 6.3bn-euro stimulus

Prime Minister Mariano Rajoy announced on Saturday a new stimulus plan to boost Spain’s competitiveness, including e6.3 billion (R91bn) of investments and a cut in corporate tax. “Next Friday, the government will present a package of measures to increase competitiveness and productivity,” Rajoy said. “The plan will include investments totalling e6.3bn, of which e2.67bn will come from the private sector and e3.63bn from the public sector.” – Sapa-AFP