Acting Minister of Finance and Public Services Maria Jose Montero announced this Wednesday that taxes on banks and energy companies will contribute an additional 2.9 billion euros to state coffers this year, aligning with the government’s projected path.
Data from the Treasury shows that the second payment of these taxes, due in September, reached 1.453 billion euros. This near matches the amount collected in February, the first installment. Of this September total, 827 million euros came from the energy tax and 626 million euros from the banking tax.
Reporting from Europa Press, Montero described the September figures as indicating the substantial benefits generated by the banking tax. In remarks to SER, she referenced a major financial institution and highlighted Banco Santander as an example of the policy’s success in boosting revenue from the sector.
Will be expanded with revisions
The Minister believes that the government will gain the resources expected in exchange for these tax measures and that they will be reviewed and extended if adjustments are needed, in line with the government agreement between PSOE and Sumar. The plan is to evaluate the figures and, if improvements are necessary to ensure higher performance or broader coverage, to implement those changes. Both tax figures will be reviewed before their expiration, with plans to broaden their scope to include elements that keep them up to date and more robust for the economy.