Spain

In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.

Climate is a relevant factor in the choice of a tourist destination. Changes in climate conditions could alter the seasonal and geographical pattern of tourism in Spain, with the impact depending on the adaptation policies implemented.

Following Law 21/2021 and the Intergenerational Equity Mechanism (IEM), Social Security contributions rose by 0.7 points without generating higher future pensions. Although the reserve fund is growing, the pensions system faces a significant deficit and raises questions about its sustainability and necessary reforms.

Social Security affiliation fell by 193,700, and unemployment increased by 21,900 due to seasonal factors. After adjusting for this factor, it is estimated that the number of contributors rose by 23,000, while the unemployed decreased by 4,500. The percentage of affiliates with temporary contracts increased marginally.

Europe and the U.S. are considering how to increase the weight of manufacturing in the production structure. Since the beginning of the pandemic, fiscal plans and tariff policies have been announced to boost or protect certain sectors.

This Working Paper analyzes the settlement payment for 2022 under the common system of autonomous communities financing, recently published by the Ministry of Finance.