And the third is to shore up our welfare state.”, The prime minister said the budget plan contains 10.3% more investment, “including the €27 billion advance from the European [recovery] plan.”. node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}, Do Not Sell My Personal Information (CA Residents Only). Spain is no longer bound by the Commission's excessive deficit procedure, but the EU executive still has the last word in giving a green light or not on member countries' budgets. The Trading Economics Application Programming Interface (API) provides direct access to our data. Since Spain emerged from a severe crisis in 2013, unemployment has receded from a peak of nearly 27% early in that year to 13.78% in late 2019. Spain cuts this year's economic growth forecast, ups deficit. MADRID, Feb 11 (Reuters) - Spain's government cut its economic growth projection on Tuesday and raised unemployment and deficit forecasts to account for a sharper slowdown, a move that could raise concern in Brussels.

Photographer: David Paul Morris/Bloomberg. Though Spain budget deficit fluctuated substantially in recent years, it tended to decrease through 1999 - 2018 period ending at -15.92 local currency in 2018. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. PM Pedro Sánchez (l) and Deputy PM Pablo Iglesias presenting the 2021 budget plan on Tuesday. The Spanish economy - the euro zone's fourth largest - has consistently outperformed much of Europe since it emerged from a five-year slump in 2013, and the 2020 growth forecast still points to growth well above the projected 1.1% growth rate for the 19-nation currency bloc. Spain recorded a Government Budget deficit equal to 2.80 percent of the country's Gross Domestic Product in 2019. Speaking at the same conference, Labour Minister Yolanda Diaz said 2.3 million people are currently receiving unemployment benefits, costing the state around 1.22 billion euros ($1.33 billion) a month.

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