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U.S. President Donald Trump confirmed his intention to increase tariffs on foreign imports of steel and aluminum from 25% to 50%, which will increase pressure on steel producers worldwide and threaten to escalate his trade war.
Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.
Spain's public deficit amounts to 2.8 percent in 2024
[27/03/2025 08:13]
MADRID-SABA
The general deficit of the Kingdom of Spain was 2.8 percent of GDP in 2024.
Spanish Finance Minister Maria Jesus Montero said Spain's public deficit amounted to 44.6 billion euros, excluding expenditures incurred in response to the crisis caused by floods that hit the province of Valencia last October, and that fiscal rules allow the exclusion of items allocated to natural disasters.
Added at a press conference today, Thursday, "The government spent 5.6 billion euros, to respond to the flood crisis that hit Valencia, bringing the public deficit to 50.2 billion euros and amounting to a total of 3.15 percent of GDP."
Spain's public deficit was 3.52 percent of GDP in 2023 and 10.1 percent in 2020 affected by the coronavirus pandemic.