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The Bank of Spain attributes the blushing deficit increase that the Spanish economy registered last year to the increase in the pensions and salaries of civil servants, while pointing out that the increase is not the first that has occurred since 2012, but takes it to 2009.

"The general government deficit as a whole increased in 2019 to 2.8% of GDP, which is its first increase since 2009, if financial aid is excluded. This worsening was due to an increase in expenses greater than the one of the income, consequence, mainly, of the measures adopted in the first trimester of 2019 "explains the organism that Pablo Hernández de Cos directs in a document on the Spanish economy that has published today,

And specifically: "The greatest increases were in social benefits [which grew 6.3% due to the increase in family deductions and unemployment benefits, and the revaluation of pensions with the CPI] and in the remuneration of salaried ".

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  • Pensions
  • Officials

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