Cash revenue from contributions to Social Security system exceed 74.18 billion euros to September

In terms of budget performance, the Social Security system accounts posted a negative balance to September of 5.56 billion euros, equivalent to 0.52% of GDP.

This balance corresponds to the difference between recognised revenue from non-financial transactions of 94.68 billion euros (up 3.68%) and recognised expenses of 100.24 billion euros (up 6.15% in year-on-year terms).

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We should know about how important is having a will in Spain in case of people national of other countries when they have property in Spain as it can be a house, and being or not residents in Spain.

Average number of foreign citizens registered with Spanish Social Security system stands at 1,645,874 in September

The average number of foreign workers registered with the Social Security system stands at 1,645,874 in September, up 0.14% on the previous month (2,229 more workers).

The number of foreign workers contributing to the Social Security system has risen by 4.02% year-on-year, with 63,539 more workers than in 2014. This is the largest increase in foreign workers in a month of September since 2008.

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Prices fall 0.9% in September due to downward trends in liquid fuels and electricity

According to the data published by the Spanish National Statistics Institute (Spanish acronym: INE), the Consumer Price Index (CPI) fell by 0.9% year-on-year in September. This rate is five-tenths lower than last August and matches the figure announced by the INE at the end of last September. The downturn in inflation can be mainly explained by the sharp fall in energy prices, both liquid fuels and electricity.

The price of energy products recorded a year-on-year rate of -13.6% in September, compared with -9.8% the previous month. This decrease was caused by all components of the energy index. The year-on-year rate for solid and liquid fuels fell by 2.3 percentage points to -16.4%, particularly due to the falling cost of liquid fuels and, to a lesser degree, gas. Electricity posted a reduction of almost nine percentage points on August in its year-on-year rate, to stand at -6.3%.

Do not forget to fill up the Non Resident Tax before the end of the year.

A person who is non fiscal resident in Spain and is getting any kind of income in this country during the year has to be declaring and paying taxes for the incomes received. The most common case is a Non Resident person who owns a holiday house or property in Spain.

Regardless of whether or not the real-estate property is leased out, income from said property shall be subject to IRNR. However, the tax treatment varies depending on whether or not the property is leased.

Largest year-on-year fall in unemployment in a month of September since records began, with 353,608 fewer unemployed

In seasonally-adjusted terms, recorded unemployment fell by 9,746 in September. The monthy variation in easonally-adjusted unemployment figures has fallen in 27 of the last 29 months.

Recorded unemployment has fallen by 353,608 over the last 12 months, the largest reduction since current records began for the month of September. The year-on-year fall in unemployment stands at close on 8% (7.95%), a rate not seen in September since 1999.

Government eliminates double commission for withdrawal of cash from ATMs belonging to another financial institution

The Council of Ministers regulated, though a Royal Decree on financial issues that will come into force on Saturday, commissions on withdrawing cash from ATMs from a financial institutional other than the issuer of the debit or credit card.

The Vice-President of the Government, Soraya Sáenz de Santamaría, pointed out that the measure responds to the social concern generated in recent weeks over the possibility that financial institutions will charge a double commission on the withdrawal of cash.

August international tourism in Spain generates record 305 million euros per day, 4.1% higher than in 2014

​International tourism therefore generated an average of 305.2 million euros per day for the Spanish economy in August.

This increase in spending was due to an increase in tourist numbers in August (up 1.6%), increases in the average spend per person (up 2.4%) to 1,026 euros and an increase in the average spend per day (up 4.6%) to 107 euros. The United Kingdom and the Asian markets made significant contributions to this result in August.

Early figures on budgetary performance indicate Spain will meet its deficit targets in 2015

This is the first General State Budget to be presented since the start of the crisis with a primary surplus of 0.35 points of GDP, meaning that the ratio of public debt over GDP will continue to fall.

The General State Budget for 2016 is based on the same objectives as the four previous budgets drawn up by the Government of Spain during this legislature: economic growth, job creation and meeting fiscal consolidation commitments. The State Secretary for Budgets and Expenditure, Marta Fernández Currás, said today that these commitments will also be met in 2015, as she announced the positive results from the budgetary performance data to be released next week, which show a reduction in the deficits posted by both the Central Government and the regional governments. They also reflect the excellent health of the local authority accounts. "We are on the right path to meeting our stability target", she said.