Economics

Sanchez Boosts Catalonia Investment in Budget Showdown

Pedro SanchezPhotographer: Angel Navarrete/Bloomberg
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Spanish Prime Minister Pedro Sanchez boosted investments in the restive region of Catalonia to secure support for his budget and extend his term as premier.

The Socialist government aims to funnel 2.25 billion euros ($2.6 billion), or 18.5 percent of total state spending on infrastructure and other investments, to Catalonia, Budget Minister Maria Jesus Montero said Monday. That’s an increase from the 13.1 percent Sanchez’s conservative predecessor dedicated to Catalonia in 2018. The increase is an attempt to woo Catalan lawmakers, whose votes are essential for Sanchez to pass his budget.