Spain’s Coronavirus-ravaged economy is expected to fall by an unprecedented 11.2% this year, with tax revenues due to fall by 7.6%. The PSOE–Podemos coalition government led by Prime Minister Pedro Sánchez aims to bolster revenues by 6.8 billion euros with its 2021 budget. ‘This budget cannot be postponed. This budget is essential for the modernisation and recovery of our economy,’ Sánchez said.

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