The Government expects to receive in 2015, 6% more than this year raising taxes and contributory pensions will rise to a minimum of 0.25%. This is stated in the draft Law on the State Budget for 2015, which is explained Tuesday the Minister of Finance and Public Administration, Cristobal Montoro , in the Congress of Deputies.
In traditional introductory press conference, the minister has insisted that the accounts do an “effort to give back to society what it has given ” and having an objective Specifically: “Grow and create jobs.” Montoro has indicated that PGE, which received the green light Ministos Council last week, include “tax cuts on individuals, businesses and families.”
Montoro ensures that PGE include “reducing taxes on individuals, businesses and families,” consolidated income 2015 amounted to 298,317.51 million budget while the forecast noninterest income is 279,740.16 million euros, an increase of 5.1% compared to 2014 In contrast, consolidated expenditure budget amounted to 440,074.74 million and funding for non-financial transactions amounted to 315,503.50 million euros, up 0.4%.
39.9% of revenue, 111,600 million, is tax collection , 6% more than in 2014; 44,156,000 shall be for indirect tax . Revenues from social contributions to social security and pension rights fees will rise next year to 132,826.92 million. Contributory pensions, meanwhile, are revalued 0.25% a year, the minimum required.
The total allocation for excise that the State expects to enter 2015 stood at 19,894 million, 4.4% more than in 2014 Within that, grow revenue from alcoholic beverages (792 million euros, up 1.8%) and snuff (6.398 million euros, 0.5% more). The collection scheduled for income tax will drop 0.6%, the income tax will increase 20.4%, and income from Tax will grow 7.2%.
Money frozen for senior and Casa del Rey
In addition, the Government will allocate a total of 25,002.4 million euros to pay unemployment benefits next year, which is 15% less compared to the budget of 2014, when he was assigned to the item just over 29,400 million euros. Investment in infrastructure will be noted in 2015 its first increase since the start of the crisis, as it will grow by 31.9% to 11,490 million euros added.
The PGE remain unchanged wages of senior executive and high institutions. The Prime Minister, Mariano Rajoy will keep his salary frozen for the fourth year in the 78,185 euros in 2015, while his ministers also receive fourth consecutive year 68,981 euros. In government, the vice president Soraya Sáenz de Santamaría receive a total of 73,486 euros.
All these amounts will be divided into twelve monthly payments and not entitled to overtime pay. The most charged public office in 2015 will chair the Supreme Court and the General Council of the Judiciary, Carlos Lesmes, who will have a fee of 130,152 euros. Very close to that amount the president of the Constitutional Court, Francisco Pérez de los Cobos, who charged 129,271 euros is situated.
The budget of Casa del Rey will freeze over this year and will stay at 7.78 million euros of .
Spending Ministries
The expenditure of all ministries fall 5 , 1% in 2015, to reach 62,496,000, if transfers to Social Security and the Public Employment Service are included. If these transfers are discounted spending ministries available to decrease 0.2% compared to 2014 and will be of 34.526 million euros.
Finance notes that 450 million investment plan to Promote Growth, Competitiveness and Efficiency (Grow Plan) are included in this expense, which has 2,187 million euros , of which almost 50% is spent on initiatives of SMEs and financial instruments. Have also been recorded 231 million to finance devolution in 2015 a quarter of the Christmas bonus suspended in 2012.
Public debt of over 100%
Debt public of Spain exceed first time ever 100% of GDP in 2015, when the government expected to reach 100.3%, about 1.05 trillion euros , despite the expense for interest payments on the debt will fall by 3% this year, to 35.490 million.
In addition, in 2014 the ratio of government debt to GDP will finally 97.6% below the 99.5% that the Government intended to April this year. This is explained by the recent upward revision of GDP has conducted the National Statistics Institute and has raised the country’s wealth by including hitherto unrecorded activities such as prostitution and drug trafficking, among others.
The growth of this ratio of debt to GDP is smaller than in other years , the statement said, among other reasons, the process of fiscal consolidation to which administrations have undergone public in 2014, which will continue in 2015.
Andalucía, Castilla León, Galicia and Catalonia
Communities of Andalusia, Castilla y León, Galicia and Catalonia, are those that bring together the largest public sector investment state in 2015
These four communities have the real investment rate higher of the national total, so Andalucía is 17.4%, Castilla y León 15.5%, 12.3% Galicia and Catalonia, 9.5%.
By contrast, communities that less investment will of the national total will be La Rioja, with 0.8%, Navarra, with 0.9%, Baleares, with 1.2%, Cantabria, with 2.0%, and the Canaries, with 2.4%. addition to the autonomous cities of Ceuta and Melilla, with 0.3% in both cases.
telematic Budgets
is the first time that budgets arrive Congress telematic form and not in a physical format such as a CD or a memory stick. Since its tablet, the finance minister has sent a file of 141 megs with the public accounts to l House Speaker Jesus Posada. However, budgets have also entered the House in the traditional paper format , with different chapter books of expenses and income.
Montoro, who has come to Congress Past 9.45 in the morning accompanied by the Secretaries of State for Public Administration, Budget and Expenditure and Finance, has posed for the media graphics on the Patio de Floridablanca, before delivering the State budget to the president of the Chamber.
Then, it has led to the Hall of Lost Steps, which has been officially celebrated the ceremony of the bill Posada, in the presence of senior Ministry members of the Finance and Budget Committee of the Congress.
Fall 3.2% spending limit
Budgets have reached Parliament the last business day to the law, which states that the accounts of the following year have to come to the House before the end of September to allow time to meet parliamentary procedure.
After the official delivery of budgets, the General Committee meets to decide the timing of processing of public accounts. After registering a project, the parliamentary groups have until late this afternoon for appearances of those responsible for the various ministerial departments to explain the relevant items.
2015 budgets will have a spending limit nonfinancial 129.060 million euros, representing a fall of 3.2% compared to 2014 is set budgetary stability objective in all public administrations with a maximum deficit of 4.2%, all with a new macroeconomic framework more optimistic , which provides that the GDP will grow 2% in 2015 year in which the unemployment rate would be 22.9%.
Appearances and amendments within
According to the Rules of Congress, processing the bill enjoys Budgets preference over other projects and bills, so once registered can begin the hearings of senior government officials.
Typically these sessions are initiated by the presence of the governor of the Bank of Spain, Luis Maria Linde, which may already appear on Wednesday at 10.00. Upon completion of the hearings, the different formations may submit amendments against the entire bill until 14:00 on Friday 17 October with the aim of vetoes can be debated in the Plenary Lower in Week 21 to 23 October.
The Budget 2015 has as main goal, according to the minister himself Montoro, strengthen economic recovery and consolidate job creation , based on social cohesion and ensuring fiscal consolidation, with deficit target of 4.2% compared to 5.5% this year to be closed , the achievement of trust in large As the rise in GDP, which is expected to be 2%.
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