MADRID The Spanish Finance Minister Cristobal Montoro, yesterday presented a draft national budget for 2016 provides for the first reduction of public debt since the beginning of the crisis in 2008. It also includes an increase in social spending 3.8% and expected to increase 1% to the resources allocated to the Royal Family due to salary increases to state employees, including the prime minister, Mariano Rajoy.
However, highlights a decrease in the resources allocated to the unemployed, although the unemployment rate is 22% and is one of the highest in the European Union, and that half of them do not receive any benefit. In 2016 the government allocated 19 billion 820 million euros to benefits for the unemployed. That is, 21.7% less than last year.
Montoro argued that there will be a reduction in the unemployment rate in 2016 to 19.7% for the “favorable evolution of the labor market”. He even said that next year 600 thousand new jobs will be created.
The project will begin to be processed this month, and to be approved before elections there in November. The public accounts approved forecast that public debt will drop to 98% of GDP, revenues will grow 0.2% by the improving economy and revenue from fees and other income increased 44%. As for the ministries, they lower their items Employment and Social Security (26%) and Industry, Energy and Tourism (14.7%). The rest up, especially economics, with 24%; Foreign Affairs with 10%; Justice with 10.8%; and defense with 3.5% more.
There will be an increase of 1% of the salary of officials, the same increase as there is for the salary of the president Mariano Rajoy (Popular Party, PP) that if re- winning elections in November charged almost 79,000 euros per year; the same increase going to the royal family, after four years of cuts and two freezing will receive 7.78 million euros of this year to 7.86 million.
money intended will also raise communities autonomous; benefited most, with 10%, will be Catalonia, where elections will be held on September 27 it will be a secession referendum. On these elections, Rajoy said yesterday: “Nobody is going to break Spain in any way.”
With information from Notimex
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