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In Spain 1st April 2026

Tax revenue up by more than 10% in 2025, public deficit down to 2.2%

In 2025, the Spanish State collected €142.4 billio through Personal Income Tax (IRPF), a 10% increase compared to the previous year. This was largely due to the Government’s refusal to index tax brackets (deflate the rates) to mitigate the increase in tax pressure caused by inflation. This is known as “fiscal drag” (or “cold progression”): salaries rise in line with inflation, but because tax brackets remain unchanged, more is collected…

There have always been two debates about RTVE: financing and the nomination of its board which, in theory, should govern it.

In Spain, Spanish Politics 31st March 2026

PP-controlled Senate to investigate PSOE-controlled “Telepedro” (RTVE)

Is Michelle Pfeiffer beautiful? Is Brad Pitt handsome? Perhaps, but proving such a conjecture may turn out to be impossible. Everything suggests that something similar will happen with the investigative commission that the People’s Party (PP) has just announced in the Senate—where the Prime Minister has not appeared for two years—to investigate the behavior of Spanish Radio and Television (RTVE), colloquially known as “Telepedro.” The constant bombardment of the opposition,…

In Spain, Spanish economy 30th March 2026

Inflation rises to 3.3%

The National Statistics Institute (INE) reported that, according to its preliminary reading of the data, the Consumer Price Index (CPI) in Spain rose by 1.0% in March compared to February. The consensus among analysts expected a slightly higher rebound for this variable during the month, at 1.2%. In year-on-year terms, Spain’s CPI rebounded by 3.3% in March (up from 2.3% in February), primarily due to the rise in prices for…

Companies, In Spain 27th March 2026

Iberdrola and Endesa seeking to extend Ascó nuclear power station operating life until 2034

Banco Sabadell | According to press reports, both companies are set to apply imminently for authorisation to extend the closure date of the two reactors at the Ascó nuclear power station in Tarragona, at least until 2034, compared to the initially planned dates of 2030 and 2032. Assessment: News of little impact for now, which would be in line with the sector’s stance of wanting to extend the closure of…

In Spain, Relevant News Item 27th March 2026

11,104 social housing units built in Spain in 2025, 23% decrease

According to data published by the Ministry of Housing and Urban Agenda, only 11,104 new social housing units (VPO – Viviendas de Protección Oficial) were completed in 2025, a 22.7% decrease compared to 2024. This represents a reduction of just over 3,000 homes. Despite promises from President Sánchez—who committed to building over 180,000 homes during the 2023 elections—and despite the creation of a Ministry of Housing and a consensus among…

In Spain, Spanish economy 27th March 2026

S&P Global cuts 2026 growth forecast for Spain to 1.9% due to impact of war and rising energy prices

CdM | S&P Global hasrevised downwards its economic forecasts for Spain and Europe as a whole in light of the impact of the war in the Middle East and the surge in energy prices. Specifically, the firm now expects Spanish GDP to grow by 1.9% in 2026, down from the previous forecast of 2.1%, against a backdrop of weaker economic momentum and greater inflationary pressure. In its report, entitled ‘Economic…

In Spain 26th March 2026

Spain executes less than 10% of deportation orders

According to Eurostat data, Spain executes an average of between 2,000 and 3,500 deportations per year—a symbolic figure compared to the volume of arrivals. In 2023, Spain issued 64,260 deportation orders to irregular migrants, the highest number in the last decade. Of these, only 3,090 were carried out. In 2024, the trend persisted: with approximately 55,000 orders issued, only around 3,000 were executed. In both cases, the success rate was…

Spanish economy 25th March 2026

Home sales seem to be plateauing: 5% drop in January

According to data from the National Statistics Institute (INE), home sales operations registered in Spain during the month of January decreased by 5.0% year-on-year, reaching a total of 57,489 units. Of the properties transferred through sale in January, 92.8% were open-market housing and 7.2% were subsidized (protected) housing. In year-on-year terms, the number of open-market home sales fell by 5.2%, while subsidized housing sales dropped by 2.6%. Furthermore, it is…

In Spain, Spanish economy 25th March 2026

Spain’s trade deficit stands at €4.01 billion in January, representing decrease of 35.2%

Link Securities | According to the Ministry of Industry, Trade and Tourism, Spain’s trade deficit stood at €4.01 billion in January, representing a year-on-year decrease of 35.2%. This improvement was mainly due to the sharp fall in the energy deficit, which fell by nearly 50% thanks to a significant reduction in energy imports. In January, Spanish exports of goods reached €28.927 billion, representing a 2.9% decrease compared with the same…

Spanish economy 24th March 2026

Spanish exports fall 2.9% in January

In January, EU27 exports fell by 5.2%, while those of the Eurozone dropped by 5.5%. German exports decreased by 2.7% and Italian exports by 4.6%, whereas French exports rose by 1.3%. More striking in January are the sharp declines in British exports (30%) and the strong increases in those of the United States (13.1%) and Japan (16.8%). In January, Spanish exports of goods reached €28.927 billion, representing a 2.9% decrease…

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