Recently, Spanish Finance Minister Montoro stated that the government plans to lower income taxes for low-income families in Spain next year. However, higher-income citizens will not receive this benefit until the country's economy recovers from its prolonged crisis.
Montoro did not specify the extent of the tax reduction for low-income earners, nor did he provide the specific income threshold required to qualify for this benefit.
Montoro noted that Prime Minister Rajoy expects the Spanish economy to grow by 1% next year, following several years of recession.