Increase in pension payments and changes in taxation

In 2024, the Spanish government has approved several significant changes aimed at supporting the population and stimulating economic growth. Key measures include an increase in pension payments, the introduction of an energy tax and new real estate initiatives. Let's take a closer look at each of these measures.

 

Increase in pension payments and minimum income

Minimum pensions will be increased by 6%, while the minimum income will increase by 9%. As a result, the average increase in income will be approximately 600 euros per year for pensioners receiving an average pension.

 

The total amount of pensions in Spain will increase by 2.8%, which corresponds to the annual inflation rate. These changes will affect about 12 million pensioners.

 

New tax for energy companies

A new tax has been introduced for energy companies to provide funding for the transition to cleaner energy sources. It is estimated that this tax will generate about 1.2 billion euros per year, which will be used for strategic investments in decarbonization processes.

Extension of protective measures

The government decided to extend protective measures aimed at protecting strategically important companies until the end of 2026. According to this initiative, foreign investors are prohibited from acquiring more than 10% of the share in the capital of key enterprises.

 

Changes in the real estate industry

The government has proactively approved a program aimed at using public real estate to provide affordable housing. As part of this project, a unified rental register is being created, as well as a digital platform to optimize short-term rental management.