The Government will defend the non-financial spending limit, colloquially known as the spending ceiling, for 2023 this Thursday in the Plenary Session of Congress, in what is considered the first step in the processing of the General State Budget bill for 2023. Specifically, the non-financial spending limit for 2023 amounts to 198,221 million euros, a new record, 1.1% higher than last year’s spending ceiling, including 25,156 million euros of European…
spain public spending
Joan Tapia | Yesterday, the Spanish Parliament rejected, with a large majority the complete amendments to the 2021 budget. It is an important step towards political stability and the possibility of creating an economic policy to fight the crisis. From the economic point of view, the Budget may be substantially improved, but we have the government that we have, PSOE with Podemos. So the accounts for 2021 – in the midst of great world uncertainty – are far from being the worst possible.
Miguel Navascués | The perception only that pensioners and health spending have lost purchasing power in Spain is not altogether true. We can see this in the data.The UK has a level of public spending per capita only 3% higher, the US 13% and Spain 15% (excluding interest).
For a long time, Spain has had a “debt pending” in terms of budgetary stability. And, for the time being, the current scenario leads us to think that balancing the public finances is a difficult objective to achieve in the medium-term. Added to that problem is the high level of government debt.