Spain announced tax hikes on alcohol, tobacco and some fuel, and limitations on corporate tax deductions on Friday, as part of the government's battle to raise public revenue hit by an economic slump.
The tax measures are worth increased revenue of 1 billion euros ($1.30 billion) this year, Treasury Minister Cristobal Montoro said at the government's weekly news conference.
The measures include a 10 percent rise on the existing alcohol tax, which does not affect wine or beer. The higher alcohol tax and a rise in the tax on tobacco will mean increased revenue of 700 million euros a year, the minister said.
(Read more: IMF: Spain's 'Hard Won' Solvency Needs Protection)