The minority government of Spanish Prime Minister Pedro Sánchez has approved the state budget bill for 2019. While it respects European Commission directives to keep reducing Spain’s public deficit to 1.3% of its gross national income (GNI), the draft budget includes a significant 5.3% increase in overall public spending, from €328 billion (US$363 billion) in 2018 to €345 billion (US$383 billion) in 2019. GNI growth estimated at 2.2% is expected to drive government revenues to an historic level of €155 billion (US$171 billion).
The budget bill now goes to Parliament, which will discuss and eventually approve it by mid-March 2019. Parliamentary groups can now present amendments to the entire budget draft as well as to specific budgetary envelopes such as official development assistance (ODA). Overall ODA estimates still need to be published. However, the 2019 ODA budget allocated to the Ministry of Foreign Affairs, European Union and Co-operation amounts to €661 million (US$731 million), an increase of €110 million (US$122) or 20% compared to 2018.
Press release – La Moncloa (in Spanish)