Spain government avoids final NextGen phase, tax revenue up 23.2%

The Spanish government has decided not to enter the final phase of the NextGen EU recovery fund, while reporting a 23.2% increase in tax revenue and an 11.2% rise in personnel spending. The decision to skip the final phase may signal fiscal constraints or a strategic choice, but details are unclear. This matters as it affects Spain's fiscal trajectory and EU fund utilization.

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