Bloomberg News

Madrid Region Cuts Public Wages, Raises Taxes, Cinco Dias Says

June 08, 2012

The region of Madrid presented additional austerity measures, including cutting public wages by 3.3 percent to 10 percent, raising 74 taxes and public tariffs and introducing tolls on free highways, Cinco Dias reported, citing Madrid government officials.

To contact the reporter on this story: Angeline Benoit in Madrid at abenoit4@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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