CoM | Government debt according to the Excessive Deficit Protocol rose to €1.52 trillion in February, which represents a growth rate of 5.4% in year-on-year terms and an increase of 2% compared with the previous month, according to data released by the Bank of Spain. Specifically, public debt has added €30,208 million in one month and €78,436 million in the last year. The balance of government debt rose to €1.349…
Presented in Congress by the spokespersons of EH Bildu and ERC, the agreement on the future Housing Law maintains the 2% limit for this year on rent rises, a ceiling that will be increased to 3% in 2024 to create a new reference index applicable throughout the territory before the end of next year. The CPI will therefore be eliminated as the reference index for the annual updating of rent…
Funcas expects the Spanish economy to reach the level of activity prior to the pandemic at the end of this year after growing by 1.5%, five tenths more than forecast in January, in a year that will go from strength to weakness and which represents a clear slowdown compared to the 5.5% recorded in 2022, according to the CEO of the Funcas think tank, Carlos Ocaña, and the director of…
Alphavalue / Divancons | On Friday, the Government reached an agreement with ERC and Bildu on the Housing Law which, among other measures, eliminates the CPI as a reference index for the annual update of rental contracts and sets a cap on rent increases of +3% in 2024 (which joins the +2% in 2023 already approved), extends the declaration of the so-called stressed areas and lowers the limit for being…
Legal uncertainty? In Spain? Not at all. It is just that the judge and the interested parties can choose which wording they prefer to apply to art 16.1 letter c. of the Law on Offences and Penalties in the Social Order (which typifies “the very serious offences faced by companies, recruitment agencies or training entities if they request vetted and personal data when recruiting personnel”). The Official State Gazette (BOE)…
Spain is currently the second country in the world with the second highest number of unpaid awards – amounting to 645 million euros – after Venezuela and ahead of Russia. The High Court of Australia has unanimously dismissed an appeal filed by Spain in an international dispute over awards issued by the ICSID, the World Bank’s arbitration body, linked to cuts made to renewables. As a result, some of Spain’s…
Fernando González Urbaneja | It is not often that a government directly confronts a business decision taken by a responsible collegiate body. And when it does happen, it is not often that the government ends up getting fleeced. The relationship of political power with any business, no matter how large, is usually asymmetrical, in favour of the executive. Businessmen avoid confrontation because even if they achieve their aims, they always…
Taxpayers face the 2022 income tax return campaign that starts today with the decrease in real salary caused by the generalised rise in prices (8.5% in 2022) and the cold progressivity of the Personal Income Tax (IRPF), that is, what they are going to have to pay extra for the rise in salaries, despite having a lower real salary. Deflating the personal income tax brackets by 8.5% to adjust them…
The second vice-president of the Government, Yolanda Díaz has finally formalised the announcement of her candidacy for the presidency of the Government. Yesterday, Sunday, the presentation of her new ultra-left political platform, under the name Sumar, took place. The choice of the party’s name, which means ‘add up’ or ‘sum’ in Spanish, could not have been more appropriate, bearing in mind that no fewer than fifteen political forces will be…
ABC newspaper denounces that “La Moncloa has once again vetoed ABC: the Secretary of State for Communication, Francesc Vallès, has excluded this newspaper from the group of media accompanying the President of the Government, Pedro Sánchez, on the official trip to China that began this Thursday. Despite the fact that ABC applied for accreditation in due time and form, like other media that have been admitted, the Secretary of State…