Spain's 2015 state budget: spending, pay, pensions and taxes

Automatic summary, not yet reviewed

1. The 2015 state budget is approved, with spending credits of 347,843,340.85 thousand euros and a non-financial spending limit of 129,060 million euros, 3.2% lower than in 2014.
2. Public sector pay is frozen: salaries cannot rise in 2015 compared with those in force on December 31, 2014. Public employees will keep receiving two extra payments, in June and December.
3. No new staff will be added to the public sector in 2015, with exceptions. In priority sectors such as education, health, police and the Armed Forces, a replacement rate of up to 50% of departing staff is allowed.
4. Contributory pensions from Social Security and Clases PasivasClases Pasivas The pension system for state civil servants, separate from Social Security. rise 0.25% in 2015. Minimum pension amounts are also set, and non-contributory pensions are fixed at 5,136.60 euros per year.
5. Public employees can recover part of the December 2012 extra pay that was eliminated: the proportional share corresponding to the first 44 days, provided the administration meets budget stability targets.
6. Social Security contribution bases and rates are updated for 2015: the maximum contribution base is set at 3,606.00 euros per month and the general rate for common contingencies at 28.30%.
7. On taxes, the Wealth Tax is extended through 2015, fixed-amount state fees rise by 1%, and the legal interest rate is set at 3.5% and the late-payment interest rate at 4.375%.
8. Transfers to municipalities and Autonomous Communities are regulated: sharing of personal income taxincome tax The personal income tax (IRPF in Spain): what people pay on what they earn from work, business or savings., VAT and special taxes, funding funds and Interterritorial Compensation Funds, endowed with 432,430.00 thousand euros.

Who it affects

• Public employees: Their salaries are frozen in 2015, but they can recover part of the eliminated December 2012 extra pay.
• Pensioners: Their pensions rise 0.25%, and minimum amounts and top-up benefits are maintained.
• People seeking public sector jobs: Very few new positions are offered, except in priority sectors with up to 50% replacement.
• Workers and businesses: Social Security contribution bases and rates change, and state fees rise by 1%.
• Municipalities and Autonomous Communities: They receive state money through tax sharing, funding funds and compensations.

Words worth knowing

Tasa de reposición (replacement rate)

The percentage of vacant positions left when someone leaves their job that can be filled again.

Clases Pasivas

The pension system for state civil servants, separate from Social Security.

Pensión no contributiva (non-contributory pension)

A pension for people without enough resources who have not contributed enough for a regular pension.

Base de cotización (contribution base)

The amount on which Social Security contributions are calculated.

Interés de demora (late-payment interest)

A surcharge paid when a debt to the tax agency or the administration is paid late.

income tax

The personal income tax (IRPF in Spain): what people pay on what they earn from work, business or savings.

It summarizes the law as published in the BOE. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries