Cristobal Montoro and Currás Marta, in the presentation of the Budget. / Chema Moya (AP)
The Treasury rate the State Budget for 2015 presented on Tuesday as a recovery to consolidate accounts. For this, the Government increased public investment first seen since the outbreak of the crisis, in 2008 Here you can see the main features of the project.
The public debt exceeds 100% of GDP : Budgets keep the provision that the liability of all the government for the first time exceed 100% of GDP in 2015 also to cover net borrowing maturities and pay, the Treasury must borrow markets 242.765 million euros, the equivalent of about 665 million euros a day. Interest expense for the payment of the public debt amounted to 35.519 million, 3% less, although this does not prevent return to be the largest expense item nonfinancial budgets ( read more … )
available Expenditure of Ministries: The item amounts to 34,526,000, the 0.2% compared to 2014, regardless of the contributions to Social Security, the Public Service of Employment and Fogasa and the financing of certain costs of the electricity system, the Plan GROW and digital television reantenización . terrestrial (DTT)
Hacienda confident that allow economic improvement levy a 20% increase in companies
More investment in infrastructure: The infrastructure spending will be 8.8% higher than planned in 2014, which also marks the first increase in this heading includes budgeted by the State and public undertakings (as ADIF, or SEITTSA ENAIRE) since the crisis erupted in 2008 According to the accounts presented by Finance major infrastructure investments will amount in 2015 to 9,469,000 compared to 8,706,000 established in 2014, by increasing the AVE works ( read more … )
Minimum raise pensions. Pensions are were revalued in 2015 by 0.25% for next year. This increase is the minimum provided for in the new update system benefits which came into force in 2014 and, for the first time, the CPI dissociated. Also, it is in line with last year. 2017 is expected to maintain this slow rate of increase. The budgets include an allocation of 115 669 000 euros to pay contributory benefits, 3.2% more than budgeted for 2014 ( read more … ).
Less spending on unemployment: The government allocated 25.002 million euros to pay unemployment benefits next year, which is 15% less compared to the budget of 2014 Active employment policies are endowed with 4746.36 million, 16.5% more than last year ( read more … )
Transfers communities also grow. Government payments to autonomy resulting primarily from financing system will grow 7.8% this year compared to 2013, to 22.772 million euros. Resources for municipalities will also increase, in this case 2%, up from 16.454 million euros ( read more … )
Increasing AVE projects account for most of the rise in investment
Catalonia, the most affected by cuts: Public investment grows in all communities after years of hard cuts, although progress is not sufficient to recover what was lost since the government began implementing the scissors to spend. The autonomous region’s penalized by cutting investment in these four years of government of Mariano Rajoy is Catalonia, a decrease of 57.9%, which was relegated to one of the last positions in investment per capita ( read more … )
More money for education. The Education allocations rise by 4.5% to 2.273 million euros, and includes provision of 142.63 million for the implementation of educational reform. Scholarships and grants for students are provided with 1,469.6 million, 250 million over its 2014 contribution Culture policy is endowed with 749.04 million, 4.3% more.
Defence and Foreign: The Ministry of Defence will have 5711.63 billion, 1% more than in 2014 Foreign, meanwhile, will have 1,043 million, excluding prior period obligations, representing an increase of 4.9% compared to 2014 A foreign policy 1419.88 million will go
Personnel expenses elude cuts. The cost of State personnel increased by 1.6% to 16,046.46 million euros, due to the partial recovery of the extra pay of 2012 and an increase in the financing of the mutual funds. Although wage freezes for public workers
Recovery of income. The consolidated non-interest income (including the State, Social Security, autonomous agencies, state agencies and public) agencies reach 279,740 million euros, 5.1% more. After the transfer to local authorities, the figure stands at 133,712,000, exceeding 3% Advance Payment of 2014
Collection tax. The Government very optimistic about the development of tax revenues in 2015 before assignment to local authorities, will reach 186.111 million, 5.4% more. VAT is the fastest growing, with 7.2%, and provide 60,260 million. The personal income tax revenue increases 0.6% despite tax reform that lowers rates, leaving its expected revenue 72,957,000. Revenue from corporate income tax advances by 20.4% improvement in the economy, to 23,577,000. Meanwhile, revenues from excise taxes grew by 4.4%, to 19.894 million euros.
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