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Spain increases the Public spending in its hardest moment  Spain increases the Public spending in its hardest moment 

Spain increases the Public spending in its hardest moment 

The leftist Coalition has made the most social budget in 45 years of democracy, particularly reinforcing the health care 
EconomiaEspanyaEuropaMónPolíticaZPortada Izquierda 3 November, 2020 user6 0
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Inici » Historic » Spain increases the Public spending in its hardest moment 

The Spanish Government presented this week the General budgets of the state for the next year 2021. Include a rise of 10,3% of public spending. The Document was presented by president Pedro Sanchez from the socialist worker’s party and the second Vice President Pablo Iglesias from Unidas Podemos Spanish leftist coalition. 

Iglesias and Sanchez making the announcement

Iglesias and Sanchez making the announcement / Source: RTVE

 

The document adds a rise of 151% of investment in Health Care. Also increases the income tax for the wealthier people and adds an imposition of a maximum price when renting an apartment. The budget also increases the money sent to Investigation and development increases 80% from the last budget from 2018, which was approved by the conservative government of Mariano Rajoy. 

The Spanish President has described the budgets as progressists and socials, he has recognized that the increase of public spending and taxes that this text adds is directly related to the context of economic and sanitary crisis. He also stands out that are the most ambitious ones in the history of democracy in Spain. Sanchez said that this budget has the objective of repair the gaps that this crisis has left, strengthen the welfare state, and modernize the production model to facilitate economic recovery.

The Government has stressed the need to negotiate with other political parties to approve the budgets. In the Spanish Congress, the left parties have a parliamentary majority. Although there are still a few parties that have positioned themselves in this regard as the Catalan independence left party. Their condition is that the Spanish government would have to support the negotiations between the national and autonomous governments, which is governed in Catalonia by a Separatist coalition. 

 

Alejandro Bordoy

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