government spending

The Inflation Reduction Act signed by the Biden administration in the autumn of 2022 could be one of the most expensive climate legislation in the world.

In February, the Bank of Spain published its statistics on the Spanish public debt, indicating that state liabilities reached 117.08% of GDP at the end of 2020. In the beginning of January, the Minister of Finance, María Jesús Montero, announced that Spain ended 2020 with a deficit of 11.3% of GDP.