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Reuters
Reuters
Business
By Belén Carreño

Spain kicks off parliamentary negotiations on budget aimed at curbing populism

Spain Anxiety
FILE PHOTO: Spain's Budget Minister Maria Jesus Montero arrives to attend a cabinet meeting at the Moncloa Palace in Madrid, Spain, January 14, 2020. REUTERS/Susana Vera/File Photo

Spain's finance minister launched on Thursday what is likely to be a tough fight in parliament to get approval for a draft 2023 budget that features strong social spending and is partly aimed at containing the rise of populism amid economic anxiety.

The current coalition government, made up of the socialist PSOE and the far-left Unidas Podemos, does not have a parliamentary majority and so passage of the budget depends to a large extent on support from regional nationalist groups.

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