Spain's Inditex, has reported a 25% rise in 2007 net profit (4/01/2008)
Socialist Party wins Spain's general election (3/10/2008)
Europe's top court has criticised Spain for trying to obstruct a German takeover of Endesa (3/07/2008)
Immigrants now make up 7.5% of the population of the rich countries as a whole (2/29/2008)
Spain's surplus hit 2.2% of gross domestic product (2/20/2008)
Spain's first high-speed rail link between Madrid and Barcelona has become operational (2/19/2008)
How Spain has become a world leader in the field of organ donation (2/19/2008)
Wine tastes better the more it costs (2/18/2008)
previous ↓
Spain's surplus hit 2.2% of gross domestic product
Spain's surplus rose by a third year-on-year to 23.4bn euros, hitting 2.2% of gross domestic product.
It is the third year in a row that Spain has achieved a surplus - by limiting public spending - after 30 years of deficits.
But separately, the European Commission lowered its eurozone growth forecast for 2008, including Spain.
On Thursday, the commission cut its forecast for the region as a whole to 1.8% from its November estimate of 2.2%, adding that inflation would stay high.
It predicted that Spain's economy would expand by 2.7%, rather than the 3% forecast earlier.
Spain, which is to have its election on 9 March, has been facing a slowing economy.
Prime Minister Jose Luis Rodriguez Zapatero has said in order to maintain growth at around 3%, he would be prepared to use the surplus to finance tax cuts and counter any wider global economic slowdown.
