Spain budgets 1.2 bln euros to finance tariff deficit in 2013

MADRID, Sept 30 | Mon Sep 30, 2013 6:25am EDT

MADRID, Sept 30 (Reuters) - Spain's government said 1.2 billion euros ($1.62 billion) would be needed in 2013 to finance the country's energy tariff deficit, the difference between the cost of generating power and the price paid by consumers.

The 2014 budget proposal, passed to Parliament for approval on Monday, included the estimate which was down from a previous forecast of 2.2 billion euros.

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