The Government has said it has collected two point nine billion euros this year from windfall taxes on power companies and banks, with energy companies paying eight hundred twenty-seven million euros and banks paying six hundred twenty-six million euros.
Spain’s revised Recovery, Transformation, and Resilience Plan has been approved by European Union ministers, granting Spain access to €83.2 billion in loans and €10.3 billion in grants until 2026.
The Spanish economy is expected to grow by 2.2% this year according to data released by the European Commission.
VAT on basic foodstuffs and discounts on public transport have been extended, the Government has announced.
PSOE has said it will maintain tax breaks introduced by the coalition Government to tackle the cost of living crisis if elected at next months General Election.
The government has announced funding of over €2 billion to help tackle the ongoing drought conditions which are affecting the agricultural sector.
Farmers in Andalusia have thrown thousands of litres of milk down the drain, in protest against lower prices.
The Independent Authority for Fiscal Responsibility in Spain has said a number of regions will see higher than average growth this year, with the Balaerics, the Canaries, Madrid, Andalusia and Catalonia topping the list of regions set to grow faster than the national average.
Rental prices in Spain will be capped in the coming months, following the passing of legislation yesterday.
The Government has approved a plan to release around 50,000 homes to rent in an effort to reign in spiralling housing costs.
The International Monetary Fund has improved it’s growth forecast for Spain, with the country showing the largest growth in the Eurozone.
A price cap on the cost of natural gas has been extended until the end of the year, Energy Minister Teresa Ribera confirmed yesterday.