Business · Economy · 5 hrs ago
Institute report criticises Spain’s economic record under Pedro Sánchez
A report by the Juan de Mariana Institute criticises Spain’s economic record under Pedro Sánchez.
It argues that economic growth figures do not fully show how living standards have changed, and points to falling productivity and income per person compared with the eurozone.
The report says public debt has risen by more than €380 billion under Sánchez, reaching over €1.6 trillion.
It also says the government has approved 141 tax and social contribution increases since 2018, while changes to income tax thresholds have cost middle-income households more than €11 billion.
On jobs, the report argues that contract rules and growth in public-sector employment make official figures less clear, and says unemployment remains high.
Its central concern is that weak productivity and higher debt limit Spain’s economic room to act.
The Juan de Mariana Institute’s report criticises Spain’s economic record under Prime Minister Pedro Sánchez.
It argues that Spain’s growth figures obscure declines in real income per person and labour productivity.
The report says 141 tax and social security contribution increases have been approved since 2018.
It says public debt has risen by more than €380 billion under Sánchez, exceeding €1.6 trillion in total.
The article also criticises government spending, labour-market statistics and interventions in markets.
- Who
- The Juan de Mariana Institute published the report; it assesses Spain’s economic record under Pedro Sánchez.
- What
- The report criticises the government’s economic policies and their results.
- When
- The article was published on 15 October 2026. The report is described as recent.
- Where
- Spain.
- Why
- The report argues that headline economic growth does not reflect weaknesses in productivity, income per person, public finances and employment.
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- Tax and contribution increases
- 141 approved since 2018
- Public debt increase
- More than €380 billion under Sánchez
- Total public debt
- More than €1.6 trillion
- Household tax impact
- More than €11 billion from non-adjustment of personal income tax for inflation
- Debt interest spending
- More than €40 billion a year
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Spain is not a productive rocket