The Spanish parliament has rejected for the second and final time the fiscal path designed by the Government as a necessary prerequisite for drafting the 2027 Budget, which would be the first and also the last of the legislature, given that the country has been operating for three years on the extended 2023 budget approved in 2022 by a different Parliament. The vote yielded the exact same result as the…
Spain is the European Union country with the largest amount of burned land so far this year, exceeding 120,000 hectares, according to updated data from the European Forest Fire Information System (EFFIS). It is followed at a distance by Italy (with 48,000 hectares) and France (with 46,000 hectares). Provisional data from the Ministry for the Ecological Transition and the Demographic Challenge (Miteco) indicated that, up until July 12, fires had…
According to customs data published in the Monthly Foreign Trade Report by the Ministry of Economy, Trade and Enterprise, Spain’s trade deficit widened to €8,245 million in May, representing an increase of €5,702 million compared to the same month last year. This deterioration was mainly driven by a sharp rise in energy imports, against a backdrop marked by higher crude oil prices following disruptions caused by the closure of the…
J. L. R. Zapatero, the former Prime Minister, was thrown under the bus yesterday after being pointed out by his nominee, Julio Martínez, and by the owner of the airline Plus Ultra, for receiving over half a million euros to facilitate the government’s rescue—through SEPI—of the company in the spring of 2021… And for announcing it to them before it was even approved by the Council of Ministers. In respective…
Reported by the Consejeros Editorial Team A few weeks ago, the General Council of Economists of Spain (CGE) and the Foundation for Applied Economic Studies (Fedea) held a conference dedicated to the impact of migration on the Spanish economy, as part of their series on Structural Issues in the Spanish Economy. Several speakers took part in the session, presenting different papers and perspectives on the topic. Pilar Cuadrado Salinas, a…
Spanish General Government debt stood at €1.729 trillion in May 2026, a 4% increase compared to the same month of the previous year, according to data published by the Bank of Spain (BdE). However, public debt decreased by 0.58% relative to the historical high recorded in March of this year, when it reached €1.739 trillion. Meanwhile, the General Government debt-to-GDP ratio, measured according to the Excessive Deficit Procedure (EDP), stood…
92 per cent of directors and executives in Spain identify data loss as their greatest concern in 2026. This is according to the Global Directors and Officers 2026 survey conducted by Willis, a WTW company, which analyses the risk perceptions of governing bodies in more than eight regions around the world. Reported by Consejeros Editorial Team Data loss is the main risk for Spanish executives. Specifically, 92 per cent of…
Unanimously, the five magistrates making up Section 23 of the Provincial Court of Madrid (Audiencia Provincial de Madrid) have agreed to greenlight the investigating judge’s proposal, Juan Carlos Peinado, to put the Prime Minister’s wife, Begoña Gómez, on trial before a popular jury. However, the five judges have reduced the four offences proposed by the investigator to just two for which she will stand trial: influence peddling and embezzlement. According…
Although the Independent Authority for Fiscal Responsibility (AIReF) raised its GDP forecast by three-tenths of a percentage point—up to 2.5% for 2026—it warns that an adjustment of six-tenths of GDP is urgently needed. This translates to more than €10 billion in public spending cuts this very year. If these additional measures are not implemented, there is a serious risk of breaching the national rule, both at the Central Government level…
According to the 15th Adecco Report on Healthy Workplaces and Absenteeism Management, absenteeism cost the Spanish economy €59,109 million last year, 11.7 per cent more than in 2024 and almost double the figure for 2019, when it stood at €30,171 million. Reported by Consejeros Editorial Team Spain is facing 2026 with absenteeism at historically high levels. Data from the fifteenth edition of the Adecco Report on Healthy Workplaces and Absenteeism…