Spain's Prime Minister Jose Luis Rodriguez Zapatero has told in an interview that his government will reveal its reforms this week designed to wean the economy from dependence on the construction sector and announce a more suitable growth model.

Further, the prime minister said that after five straight quarters of contraction, the Spanish economy is on the verge of posting positive quarterly figures.

In the third quarter, the Spanish Gross Domestic Product (GDP) declined 0.3 percent as compared to the second quarter, even as the wider euro zone officially joined the United States and Japan in climbing out of recession.

Moreover, the Spanish PM told reporters that the cabinet will approve a package of reforms for an economy that once got close to 20 percent of its output from construction and related industries.

The bill will then be discussed by the members of the Parliament.