The Plenary Session of the Senate has approved this Tuesday the third Budgets of the coalition government chaired by Pedro Sánchez.
The Public Accounts for 2023 will come into effect as of January 1st and its milestones include, among others, a 10% increase in social spending, 25% more for defense and a fiscal package that will increase revenues in about 3,000 million.
The plenary session of the Upper House has approved the General Budget Law this afternoon without including any amendments, so it is definitively approved without the need to return to the ratification of Congress, from which they came out endorsed at the end of November with 187 votes to favor, 156 against and a single abstention.
The third Budgets of the coalition Executive formed by the PSOE and Unidas Podemos will also be the last of the legislature, since the processing schedule of eventual Accounts for 2024 will coincide with the dissolution of the Parliament and the general election campaign scheduled for end of next year.
The Government approved these Budgets after the coalition partners reached an agreement to improve social benefits, a requirement of Podemos.
Among the most outstanding novelties is the extension of the aid of 100 euros per month for mothers with children from zero to three years old, until now restricted to working women.
In addition, the unemployment benefit will be raised from 50% to 60% of the regulatory base after six months,
The dependency item will be reinforced with 620 million more and the amount of the minimum vital income will be raised as well as pensions.
The IPREM —indicator used to calculate aid— will go from 579 to 600 euros.
The members of the Executive have also committed to processing a family law that includes new reconciliation permits and extends the concept of large family.