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In Madrid, Pedro Sanchez presents a record and social budget

2021-10-15T15:17:20.493Z


The socialist government is banking on strong growth to finance spending and reduce the deficit. Pedro Sanchez's left-wing government calls it “the just recovery budget”. By presenting its draft finance bill to the Congress of Deputies, the executive was all smiles last Wednesday. First, because this 2022 budget is expansive. Spending increased 0.6%, from 456 to almost 459 billion euros, a record. The increase in public investment is more spectacular, by nearly 10%, reaching 40 billion euros,


Pedro Sanchez's left-wing government calls it

“the just recovery budget”.

By presenting its draft finance bill to the Congress of Deputies, the executive was all smiles last Wednesday.

First, because this 2022 budget is expansive.

Spending increased 0.6%, from 456 to almost 459 billion euros, a record.

The increase in public investment is more spectacular, by nearly 10%, reaching 40 billion euros, in particular thanks to European funds, which have injected 27.6 billion euros, 1 billion more than in 2021.

The other factor of government satisfaction is political: the ruling coalition, formed by the Socialist Party (PSOE) and Unidas Podemos (radical left), a minority in Parliament, is hopeful of having its accounts validated by the Lower House before the end of the year by winning the support of its traditional allies: small left-wing parties, Catalan and Basque regional formations.

Criticisms of the regions

"It is no coincidence that this budget

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Source: lefigaro

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