The Government of Socialist Pedro Sanchez presented on Thursday, on Thursday, an expansionist finance bill to accompany the post-Covid-19 recovery.
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With more than 248 billion euros of social spending, Spain presented on Thursday 7 October the most ambitious budget of its history to cope with the post-pandemic period. “The priority is to consolidate the economic recovery and that it is fair, that we take advantage of the European funds to modernize our economy and our society, so that it is more competitive and more welded, has declared the President of the Government, the Socialist Pedro Sanchez, after the Council of Ministers approved the Bill of Finance for the year 2022. It is about getting out of the crisis not as we entered, but with a more sustainable Spain, more inclusive , more digital. “
Unblock the text, however, was not easy for the Socialists, who had to negotiate with their coalition partner, the Party of the Radical Left Podemos, before getting his green light, Tuesday, October 5, after having sold on two points in particular.
On the one hand, the government will approve, “in the coming weeks”, a project of “housing law” which will reduce the rents set by the “great owners” (the holders of plus nine real estate) in Saturated areas, where the real estate market is turned on, or applying a 150% increase in land taxes on empty housing. It will also reserve 30% of the new constructions for social housing.
On the other hand, the executive will start a tax reform for companies to pay less than 15% taxes on companies, in order to prevent the bonuses of all kinds from being reduced to the skin. grief The tax contribution of large multinationals.
Negotiations “difficult”
“The government governs and the coalition is in good health. The new country progresses with cooperation between progressive forces and perseverance”, welcomed Twitter the Minister of Labor, Communist Yolanda Diaz, after negotiations that she recognized “difficult”.
Concretely, the Finance Law provides for more than 40 billion euros of capital investments and transfers (+ 9%) – “The biggest investment in the history of Spain”, according to the Socialist Minister Finance, Maria Jesus Montero. In addition, 27.6 billion euros from European stimulus funds, which will allow the country to invest in industrial policy, housing rehabilitation and urban regeneration, sustainable mobility or energy transition. “The year 2022 will be the one where citizens and businesses perceive, in all its magnitude, the positive effects of European funds,” said M me Montero.
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