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rdf:type	schema:NewsArticle
schema:articleBody	Spain's Socialist Prime Minister Pedro Sanchez said Wednesday his new coalition government with anti-austerity party Podemos, which has already raised pensions and public sector wages, was committed to "fiscal rigour". "We will at all times exercise fiscal rigour and sound management of our public accounts," he said in an address to global business leaders and investors at the Davos economic summit in Switzerland. "We maintain our commitment to reduce the deficit and public debt levels, which will undoubtedly generate greater confidence among economic agents and enable us to have a government with greater possibilities for action and future investment," he added. Sanchez was sworn in as prime minister for another term on January 8, this time at the helm of a minority coalition government with Podemos. It is Spain's first coalition government since the 1930s. His new government's first measure was to raise pensions this year by 0.9 percent, in line with inflation. Earlier this week the government approved a 2.0 percent increase in public sector wages. The coalition agreement signed between the two parties also calls for the monthly minimum wage, which rose by 22 percent last year, to be increased further, and for income taxes on those earning more than 130,000 euros ($144,000) per year to be raised. The government estimates that Spain's public deficit came in at around 2.0 percent of economic output last year and has set a target of bringing it down to 1.7 percent this year. But Spanish business groups and some analysts doubt that this target is realistic given the government's programme and the fact that economic growth is slowing. The International Monetary Fund on Monday cut its growth forecast for Spain to 1.6 percent this year from 1.8 percent previously, citing an expected slowdown in internal demand. Earlier this month Sanchez said his government would renegotiate its deficit targets with Brussels for the coming years. Earlier on Wednesday Sanchez's economy minister and deputy, Nadia Calvino, told reporters that the government had not "received any message of concern" at Davos regarding its new adminstration. bur-avl/ds/mg/gd
schema:headline	Spain PM says new government committed to 'fiscal rigour'
schema:mentions	Nadia district Deficit spending Prime Minister of Italy Coalition government Spanish language Government debt Brussels International Monetary Fund Social Democratic Power Pedro Sánchez Inflation Minimum wage Switzerland Spain World Economic Forum Anti-austerity movement
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-01-22 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	69 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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