Spain Gets First Proper Budget in Years in Boost for Sanchez
- Vote in parliament ends years of gridlock on fiscal plans
- Spain’s economy is worst hit in euro area from pandemic
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Spanish lawmakers approved Prime Minister Pedro Sanchez’s budget, the first full-year fiscal program since 2016, giving a boost to his Socialist-led government.
The move is a signal of greater political stability after years of division best illustrated by the budget gridlock. It meant existing budgets were rolled over or, in the case of 2018, only approved for part of the year.