Spain is to release an audit of its ailing banking system later in a move that is widely seen as the final steps towards a full bailout.
Yesterday the government announced €39 billion in spending cuts in an effort to curb the public deficit.
The Eurozone has already agreed to loan Spain up to €100 billion for its banking system which is struggling to deal with  bad loans piled up after a 2008 property crash.
So far the markets have reacted positively to budget cuts yesterday.
Ministry budgets there for 2013 were slashed by 8.9% and public sector wages frozen for a 3rd year.
Spanish Prime Minister Mariano Rajoy is battling to trim one of the biggest deficits in the Eurozone.
The central government sees budget savings of €13 billion next year with spending down 7.3%.
This is not including social security and interest payments.
It will see income rising 4% thanks to a 15% leap in the VAT take.
The Spanish Budget goes to Parliament there tomorrow and debates could reporedly last for weeks.
The 17 autonomous regions still must present budgets and find an additional €5 billion in adjustments to meet overall public deficit reduction goals.
Spain is the 4th largest Eurozone economy.
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