Prime Minister Mariano Rajoy said on Thursday that his government revised upwards its economic growth forecast for Spain for this year and next, and said that the improved circumstances allowed him to advance a tax reduction plan.
Rajoy said the economy will grow 3.3% this year and 3% in 2016, compared with the previous estimate of 2.9% for both years.
The mayor said he could now advance in six months a plan to reduce income tax, estimated to put 1,500 million euros (1,700 million dollars) back into the pockets of the people.
Spain out of a double-dip recession in late 2013, but is now among the fastest growing economies in Europe, but the unemployment rate is still at 24%.
Rajoy said he hoped that the recovery could benefit his party in time for the elections to be held later this year.
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