Spain’s government raises spending cap by 1.1% for next year

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The Autonomous Communities will have more margin in their budgets as they go from 0.1% to 0.3% of GDP.

Euskaraz irakurri: Espainiako Gobernuak % 1.1 igo du datarren urterako gastu-muga

The government of Spain approved this Tuesday a non-financial spending limit for 2023 of 198,211 million euros, 1.1% higher than this year, which was already an all-time high (196.142 million) due to the effect of European funds.

As reported by Finance Minister María Jesús Montero, the executive maintains the government deficit forecast of 3.9% of GDP, “despite the extraordinary measures” taken to combat the effects of the war in Ukraine.

However, the distribution will be different, with a wider margin for the autonomous communities, which go from 0.1% to 0.3% of GDP, at the expense of the central government, which goes from 3.4% to 3.2% of GDP.

The non-financial spending limit or spending ceiling forms the basis for drawing up future Budgets for 2023.

The Minister of Finance has explained that the expenditure ceiling foresees a transfer to Social Security of 19,888 million, 8.1% higher than that of 2022; and has argued that resources for autonomous communities and local businesses “will increase significantly”.

However, the wage increase for civil servants has not yet been realized, which Montero hopes to agree with the union organizations, which he has urged to conclude an income pact so that “in accordance with that income pact the approximation of wage increases for the coming years” .

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Source: EITB

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