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Speech at a Summit of the euro-zone debt crisis José Rodriguez Zapatero, saying legislation would, the Government spending would be limited.
He promised to take action against tax evasion.
Some analysts think that Spain may require a Bail-Out from Europe and the IMF.
Spain has already introduced cut government expenditure and pension and labour market reforms.
However, the economy with an unemployment rate of 20% is to fight.
"Spain adopt new measures to support its response to the economic crisis and strengthening the foundation of our economy," Mr Zapatero told reporters.
The move comes in the wake of the fresh concerns about Portugal and whether it is forced to a Bail-Out request.
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