“And I heard millions of voices sing that acted on the story they heard,” Jon Anderson.
Government propaganda regarding the economy is simply obscene. The reality is a transitory earth and a doped and tainted economy; statist speciesism.
The number of people who do not work and do not appear in the numbers has deviated from the historical record in the black.
The black month ended with 918,756 people outside the official figures. It is the highest number since the introduction of Yolanda Diaz’s labor reform and the highest since covid-19.
In 2019, the number of “jobseekers in employment”, i.e. people who are not working and therefore in job security, was 280,389. By 2026, it will be three times higher, 918,756.
If we look at the actual number in 2019, including these people appointed to SEPE and looking for work, it was 3.5 million people. The money for 2026 is 3.4 million. that’s it It was practically no better than the real thing in Spain.
As we explain in another column, hay new provinces in which the number of people who are therefore sure of the example exceeds the official paradoxes. Almería, Huelva, Jaén, Baleares, Huesca, Teruel, Soria, Castellón and Cáceres, for example, according to SEPE data, have more recipients of subsidies than official paradoxes, surpassing the record number of covid-19.
According to official data, Spain has the highest price in Europe and also the main labor costs where these statistical biases are included. This is important because the concept of discontinuous inactive entities does not exist in comparable countries. The actual tax rate in Spain is 14% and has gone over 35% due to Covid-19, the mayor of our surrounding economies.
Unsurprisingly, the activity rate was 59% lower than in 2016.
The higher growth of Spain’s PIB is a statistical aspect that is caused by the increase in the number of immigrants, the increase in public gas and the extra funds that the EU receives.
The growth is not due to each person producing more, as it fell by -1.7% between the fourth quarter of 2019 and the same period in 2025. The active population grew by 12.5%, but GDP by only 10.6%. The population living in Spain has 10 million people born abroad, which is more than 20% of the total.
The problem of doping the PIB with immigration, public gas and European funds, which only happens once, is that if tenfold the gigantic fiscal and monetary stimulus received by this government and consequently more strain is created in the public accounts of the country, which, due to the burden of reckoning with record tax revenues, must end up discharging at least 50,000 million a year from the new tax day.
The problem with this statistical approach is that it is possible to repeat the same mistakes from 2005 to 2008, but in the same way. Supplement growth with immigration, public gas, and external funds that generate some productivity gains, the source of progress.
There is nothing in the Spanish economy to justify the government’s propaganda and euphoria. In fact, the next government will face ticking time bombs to do with more complex governance.
The first time bomb is the one from pensions. The real deficit of the system reaches 70,000 million euros, Sánchez multiplied the social security deed by 136,000 million and the increase in immigration will have greater consequences for the system, since all studies show that the net contribution to the system of lower-skilled emigrants is negative.
The second time bomb is infrastructure. Abandonment is evident and the politics of other cargo and technical departments dedicated to supervision is simply intolerable.
The third time bomb goes to the fiscal revenue column when the placebo effect of inflation occurs in the recovery, the current gases disappear.
The fourth bomb in the watch comes from the compromises you have purchasedbut unfinanced, which according to Eurostat exceed 5000% of GDP.
The next government must be done with confidence eliminate political gas and unnecessary actions to reduce impuestos and deregulationor go to the bottom of the impact of these time bombs. Gradualism won’t work and it just worked before.
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