The Spanish government has approved an austerity budget, including a
tax rise for the rich and 8% spending cuts.
Presenting the details, Finance Minister Elena Salgado
described the outline 2011 budget as "austere".
Madrid has promised European counterparts that it will cut
its deficit to 6% of its gross domestic product (GDP) next year, from
11.1% last year.
EU governments are all targeting maximum 3% deficits by 2013
in order to contain the continent's debt crisis.