Spain unveils 2013 austerity budget

Name: Spain unveils 2013 austerity budget
Uploaded: 2012-09-28T03:57:48+00:00
Duration: 143 s
Channel: Al Jazeera English
Description: Spain has announced its austerity budget for 2013, against a backdrop of a falling economy and 25 per cent unemployment rate. Madrid is expected to outline a further $50bn worth of savings, tax rises...

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Spain has announced its austerity budget for 2013, against a backdrop of a falling economy and 25 per cent unemployment rate. Madrid is expected to outline a further $50bn worth of savings, tax rises, and structural reforms. Al Jazeera's Simon McGregor-Wood reports from Madrid.