On October 27, 2020, the Spanish cabinet approved the state budget bill for 2021, which will be discussed and eventually approved by Parliament by the beginning of next year. According to the budget bill estimates, the overall government spending for 2021 will amount to €236.3 billion (US$278.5 billion).
The public spending in the national health system will amount to €3.2 billion (US$3.7 billion), or a 75% increase compared to 2020 figures, while the spending in research, development, and digitalization will amount to €11.5 billion (US$13.5 billion), or an 80% increase compared to 2020.
Government estimates for official development assistance (ODA) will be published in the coming days. According to several Spanish media, Spain’s development financing may increase by 20% in 2021. The budget bill envelope of the Ministry of Foreign Affairs, European Union and Cooperation, which includes ODA and other budgetary lines, amounts to €1.4 billion (US$2.0 billion), a 20% increase from 2020 to 2021.