Automatically translated from Basque, translation may contain errors. More information here. Elhuyarren itzultzaile automatikoaren logoa

Comply with the pledges

  • The new president of the Spanish Government, Pedro Sánchez, has begun his work in line with the General State Budgets launched by Mariano Rajoy.

After the summer, however, you will have to present the 2019 ones. That is why we should remember the alternative plans he presented a month ago, based on a state with more social spending and more taxes.

Public expenditure will be increased by EUR 8 billion to modernise the productive structure and better distribute the benefits of economic growth. The objective is to allocate an additional EUR 5.5 billion to those affected by the economic and budgetary crisis. ECU 2.4 billion for the plan to combat poverty and ECU 1.2 billion for the protection of the long-term unemployed. To cover this increase in social spending, the Socialists’ plan is, to the same extent, a tax increase. The multinationals, with EUR 4 billion, are the ones that would be most affected by the rise in corporate tax. Through this new tax, the bank would pay an extra EUR 1 billion to pay public pensions, which would result in a tax. Those who earn more than 150,000 euros a year would also notice a rise in income tax. In addition, by eliminating duplicate structures and making improvements in procurement of supplies, the new government would save EUR 2.5 billion, the Executive has reported.

Consequently, they must comply with what has been promised. The new president of the Spanish Government is not going to have it easy, he warned. Not only because of the political opposition, especially by the PP, which is hungry for revenge, but has already reacted companies, multinationals and banks. They do not want to forget about labour reform and similar ones, because they have only benefited their interests. They don't want more taxes. The parties that supported the motion of censure, except for exceptions, would probably approve these alternative plans. And, of course, also most of the citizens of the Spanish State.


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