Spanish government 'optimistic' about budget deal, redesign of windfall tax [Reuters]
CAIXABANK SA UNSP/ADR (CAIXY)
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Source: Reuters
as possible while working on the redesign of economic measures, such as the current windfall tax on large energy companies, Economy Minister Carlos Cuerpo said on Tuesday. The minority coalition government of Socialist Prime Minister Pedro Sanchez, which still needs to pass key legislation such as the budget, is dependent on unstable support from Catalan nationalist and other regional parties. "We are working very hard to get an agreement as soon as we can ... I'm always optimistic on our capacity to build bridges," Cuerpo told Reuters in an interview in Brussels. The minister added that the positive growth rate of 0.6% achieved in the final quarter of 2023 and some positive labour data should allow the government to meet its 2% economic growth forecast for 2024, and he expected the central bank to revise upwards its outlook for output in 2024. At the end of 2023 , a controversial so-called windfall tax on energy companies and banks, which brought in 2.9 billion euros ($3.2 bi
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