Economics
Spain Earmarks 2.5 Billion Euros to Boost Tourism Industry
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Spain’s government will allocate 2.5 billion euros ($2.8 billion) to support tourism, extending its efforts to protect key parts of the economy.
The new credit line for tourism comes a day after Prime Minister Pedro Sanchez presented a 3.75 billion-euro stimulus package for the automotive industry. The two sectors account for about 22% of Spanish gross domestic product.