Spanish Treasury

spain tax collection

The Treasury Wants More Revenue In 2023, Despite The Slowdown

Despite the economic slowdown, the Spanish Treasury wants to achieve another record collection in 2023. This follows the one that will certainly be achieved in the current year, in which the collection is 27 billion euros more than expected due to inflation. The Treasury wants to achieve this after leaving a large part of middle-income earners (above 21,000 euros a year) out of its tax cut, which does not include…


Lamanodedios

Treasury: Inflation Increases Tax Revenues By 23%

And the good performance of revenues has led the government as a whole to reduce its deficit up to July to 29,643 million euros, 45.4% less than in the same period of 2021 and equivalent to 2.27% of GDP.Total revenue from taxes and contributions is close to 120 billion, which added to the rest of non-financial resources – property income, sale of goods and services and other non-financial resources –…





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Spanish Treasury takes advantage of investors’ optimism

MADRID | By Francisco López | Markets have positively changed their perception on the Spanish economy, as we saw in Tuesday’s Ibex bullish rally. The index surpassed the 9,800 points barrier. Also, the latest Treasury auctions have been successful and the risk premium is stable.


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Spanish Bonds Benefit from Fed’s Steroids

MADRID | The Corner Team | Spain’s borrowing costs dropped at a double bond auction on Thursday after the U.S. Fed announced it will not start tapering yet. The 3-year bonds were sold at an average yield of 2.225%, compared with 2.636% seen at the previous auction. Madrid expects that this will leave some margin to offset possible negative deviations elsewhere or to better fulfill the country’s deficit target (6.5% for 2013).



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Spanish Treasury: yields still falling despite scuffle with Brussels

By Tania Suárez, in Madrid | The new deficit targets established by Brussels left unmoved the Spanish Treasury issuance performance. It has placed €3,009.29 million in bonds and debentures at lower interests, few days after the Spanish government set up a higher deficit target for 201 and after Brussels mended it to a final 5.3% from an initial 4.4%. Specifically, the Treasury has placed €976.18 million of the €4,031.18 million…