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What it is

Spain's 1988 General State Budget law

BOE step 7 of 7 · Passed

It is a government bill. Introduced by the Government. It was introduced on 25 September 1987. Introduced by: GOBIERNO.

Official title: Government bill on the General State Budget for 1988.

Follow this law

Source: Congreso de los Diputados, file 121/000051· updated 11 Nov

Automatic summary, not yet reviewed

  1. The General State Budget for 1988 is approved. It covers the State budget, autonomous bodies, Social Security, publicly owned companies receiving subsidies and, for the first time, public law entities that receive no subsidies.
  2. Public sector pay is raised by 4% as of January 1, 1988, for non-labor staff, and the wage bill of labor staff may not grow by more than 4%.
  3. Public pensions are updated in 1988 with an average 4% increase, and a cap of 187,950 pesetas per month applies to the total of all public pensions a person receives.
  4. The reduction of tax rates in the personal income tax The personal income tax (IRPF in Spain): what people pay on what they earn from work, business or savings. schedule is brought forward for 1988, with the stated aim of helping lower-income families and boosting private investment.
  5. The general corporate tax rate drops to 35% for tax years starting in 1988, with reduced rates for cooperatives and other entities.
  6. A tax identification number is created: every person or entity must give it to banks and credit institutions when opening accounts or doing business, as an anti-fraud measure.
  7. Municipalities' share of State tax revenue for 1988 is set at 340,498 million pesetas, distributed through the National Fund for Municipal Cooperation based on population, fiscal effort and other criteria.
  8. From 1988, a percentage of personal income tax liability goes to religious purposes and other social purposes. For 1987 that percentage is 0.5239%, and each taxpayer may choose its destination on the tax return.

Who it affects

  • Public employees and public sector labor staff: Their pay rises 4% in 1988, or their total wage bill cannot grow beyond that percentage.
  • Pensioners: Pensions go up 4% on average, with a combined cap of 187,950 pesetas a month for those drawing several public pensions.
  • Personal income taxpayers: They face lower rates, new deductions and the duty to give their tax ID number to banks.
  • Companies: Corporate tax falls to a general 35% rate, with deductions for investment and job creation.
  • Municipalities and Autonomous Communities: Their shares of State revenue for 1988 and the distribution formulas are set.

Words worth knowing

Revalorización de pensiones
Annual pension increase to offset the loss of purchasing power.
Masa salarial
The total amount paid in wages and social benefits to all labor staff of a public body.
Número de identificación fiscal
Tax identification number, the code that identifies each person or company before the tax authorities.
Fondo Nacional de Cooperación Municipal
State money distributed among municipalities to fund their services.
Asignación tributaria
The share of personal income tax that goes to the Catholic Church or to social purposes, as the taxpayer chooses.
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

Where it stands

How far did it get?

It took 7 of 7 steps. It reached BOE, and today it is passed.

  1. Introduced25 September 1987Someone registers the text in the Congreso.
  2. Admitted25 September 1987The Bureau of the Congreso accepts it and, for a members’ bill, the plenary decides whether to consider it.
  3. Amendmentsno dateGroups propose changes.
  4. Committeeno dateA committee goes through the text in detail.
  5. Plenaryno dateAll 350 deputies vote.
  6. Senateno dateThe Senate can pass it, amend it or veto it.
  7. BOEno dateIt is published in the Official State Gazette (BOE) and comes into force.
See the 2 official steps on a timeline
Sept 198711. 25 September 1987: Presentación22. 25 September 1987: Calificación

Was there a plenary vote?

We have no plenary vote linked to this law in the Congreso’s data.

What happens next

What happens now?

It is law, or will be once published in the BOE. It comes into force on the date its own text sets.

Published in the BOE: Law 33/1987, of December 23, General State Budgets for 1988.

Sources

Where does all this come from?

  • The data comes from the open files of the Congreso, the Senate and the BOE, unaltered.
  • Each deputy’s province is the one of their seat on the day of the vote.
  • We only say “passed” or “rejected” when the majority needed is certain; otherwise we say which side had more votes.

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