Spain's deficit swells 4.6% in July

Spanish government's deficit kept rising and swelled by 4.6 percent of GDP in July this year to reach 48.5 billion euros, the finance ministry said Friday. t said government's revenues - between January and July 2012 - were 52.2 billion euros while expenditures amounted to 100.7 billion. The deficit recorded last month was 25.8 percent higher than the deficit registered in the same month last year, said the ministry. It, however, said Spain would continue its structural reforms to cut the deficit, create jobs and revive the economy. Spain will get 100 billion euros in European bailout aimed at salvaging banks and regaining confidence of investors.