The rise of the pensions of the Spaniards beyond the 0.25% provided in the Law is in the air, if there is no operational government, as has been made clear by the acting Minister of Economy, Nadia Calviño . The minister has implicitly raised the pressure on United We can support the investiture and governance throughout the legislature. When asked about the revaluation of pensions, it has been resounding: "To maintain the purchasing power of pensions, you have to have General State Budgets." He has assured that a priority of the Government, but has stressed that "we all have to be aware" that there is a series of measures that need updating every year. He also assured the inauguration of the Efeminist cycle organized by the Efe Agency that political instability is "the main factor" that worries the investors with whom it meets.

Calvño has been covered in his speech by the president of the acting Government, Pedro Sánchez , and the ministers of Finance and Labor, María Jesús Montero and Magdalena Valerio , among others. The president has presented the Minister of Economy to the auditorium and has highlighted his negotiation and worth with high praise.

Sources from the Ministry of Labor remember that while there is a functioning government, only the 0.25% increase in pensions is planned for 2020. Going further and revaluing them according to the CPI would require an operational government. Otherwise, we should wait for next year and formalize the increase retroactively. An alternative solution would be for the current acting Government to launch a Royal Legislative Decree for general interest, but Calviño has not contemplated it and the aforementioned sources indicate that it would be necessary to obtain legal reports to take such a step.

The Minister of Economy has been more cautious than before the summer on the upward revision of the growth forecasts of the Spanish economy, although she has insisted that by 2020 it will continue to be close to 2%. He has announced that the Public Treasury will reduce the volume of net debt issues planned for 2019 by another 10,000 million euros. Therefore, the debt will rise by 20,000 million, but that is a figure 43% lower than estimated at the beginning of the year . Calviño also stressed that it is the lowest issue since 2007.

The reduction of 10,000 million joins the cut already announced in April of another 5,000 million and will make the gross issuance of the Treasury for this year will be below 200,000 million, an unpublished data since 2012, according to the minister.

The widespread reduction of risk premiums in the Eurozone and the reduction in the volume of emissions planned for this year will generate an "important" saving in interest payments of more than 2,000 million, so the cost of the debt will be placed by below 2% of GDP, according to its estimate.

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  • GDP
  • United We Can
  • Public treasure
  • State's general budgets
  • We can
  • Pedro Sanchez
  • Nadia Calviño
  • Maria Jesus Montero
  • Magdalena Valerio
  • minimum salary
  • Pensions

Deceleration The Government of Sanchez denies the end of the economic cycle marked by all indicators

For this year, the Government ignores the slowdown again: it will raise the growth forecast "at least" to 2.3%

Politics We can point to Carmen Calvo as her great enemy in the Government