|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Spain||01 - Liquidity Support|
|Spain||01A - Short-term lending|
|Spain||01B - Support policies for short-term lending|
|Spain||01C - Forex operations|
|Spain||02 - Credit creation||104,220,000,000||115,287,610,619|
|Spain||02A - Financial sector lending/funding|
|Spain||02B - Support policies for long-term lending||Organisation for Economic Co-operation and Development (OECD). http://www.oecd.org/coronavirus/en/ (accessed 30 April 2020).||
No amount/estimate: April 21, Authorized the Insurance Compensation Consortium to act as a reinsurer of credit insurance risks to strengthen the channelling of resources to commercial credit.
|Spain||02C - Loan guarantees||104,220,000,000||115,287,610,619||OECD. http://www.oecd.org/coronavirus/en/ (accessed 14 May 2020, 21 May 2020); European Commission. https://ec.europa.eu/info/sites/info/files/2020-european-semester-stability-programme-spain_en.pdf (accessed 25 May 2020),||
(i) March 17, EUR100 billion in Instituto de Crédito Oficial (ICO), Spain's official financial agency, credit guarantee programs for companies and the self-employed, both for refinancing and new credit. The first tranche is up to EUR20 billion, divided into the following subtranches: (a) EUR10 billion for renewals and new loans granted to the self-employed and small and medium-sized enterprises (SMEs) and (b) EUR10 billion for renewals and new loans granted to companies that do not to qualify as an SME. The second tranche of guarantees (EUR 20 billion) for SMEs and self-employed only, for whom the guarantee will cover 80% of new loans and renewals. May 5, Third tranche (EUR24.5 billion) of the EUR100 billion ICO guarantee: EUR10 billion for SMEs and self-employed, EUR10 billion for other companies, EUR 4 billion for the issue of promissory notes of NFCs in fixed income markets, EUR0.5 billion for CERSA; (ii) March 17, EUR2 billion in guarantees through the Spanish Export Insurance Credit Company; (iii) March 31, Allocate EUR1.2 billion from the existing loan guarantee line to the guarantee of loans for tenants ; (iv) March 31, Compania Espanola de Reafianzamiento (CERSA) will assume around EUR1 billion of risk that will allow mobilizing EUR2 billion benefiting some 20,000 SMEs and the self-employed; (v) April 21, No amount/estimate: Expand the coverage of the previously announced guarantee line to Alternative Fixed Income Market commercial pape; (vi) Strengthen counter-guarantees granted by CERSA to increase the capacity of regional mutual guarantee entities; (vii) May 6, To guarantee the liquidity of companies in the culture sector, the government injected EUR20 million to CREA to guarantee loans of up to EUR880 million.
|Spain||03 - Direct long-term lending||10,200,000,000||11,283,185,841|
|Spain||03A - Long-term lending||10,200,000,000||11,283,185,841||OECD. http://www.oecd.org/coronavirus/en/ (accessed 14 May 2020).||
(i) March 12, EUR200 million specific ICO financing facility to support, through liquidity provision, firms and self-employed workers in the tourism sector affected by COVID-19 (loans 1–4 years); (ii) March 17, EUR10 billion increase in the net borrowing limit of the ICO to increase existing lines of credit.
|Spain||03B - Forbearance||OECD. http://www.oecd.org/coronavirus/en/ (14 May 2020).||
(i) March 17, No amount/estimate: moratorium on mortgage loan payments on primary homes for those identified as economically vulnerable, facing extraordinary difficulties procuring payment as a result of the COVID-19 pandemic; (ii) March 12, No amount/estimate: Deferral of the repayment of principal and/or interest of loans received from the Ministry of Industry, Trade and Tourism.
|Spain||04 - Equity support|
|Spain||05 - Government support to income/revenue||51,143,842,000||56,575,046,460|
|Spain||05A - Health||4,316,000,000||4,774,336,283||OECD. http://www.oecd.org/coronavirus/en/ (14 May 2020).||
(i) March 12, Budget support from the contingency fund to the Ministry of Health (EUR1.4 billion); (ii) March 12, Advance transfer to the regions for regional health services (EUR2.87 billion); (iii) March 17, Additional funding for research related to the development of drugs and vaccines for COVID-19 (EUR46 million); (iv) No amount/estimate: April 7, Exemption of fees in procedures for the authorization of clinical trials for research for medicines related to COVID-19; (v) No amount/estimate: Reduction of value-added tax (VAT) applicable to the supply of medical equipment from national producers to public entities, non-profit organizations and hospital centres to 0%, in line with the EU.
|Spain||05B - Non-health||46,827,842,000||51,800,710,177||OECD. http://www.oecd.org/coronavirus/en/ (14 May 2020). Bruegel. https://www.bruegel.org/publications/datasets/covid-national-dataset/#spain (accessed 12 April 2020; 30 April 2020); Communicatio Cabinet. http://prensa.mitramiss.gob.es/WebPrensa/noticias/seguridadsocial/detalle/3787 (accessed 2 May 2020); Gabinete de Comunicacion. http://prensa.mitramiss.gob.es/WebPrensa/noticias/ministro/detalle/3822 (accessed 31 May 2020).||
(i) March 9, Extension of the unemployment benefit to cover workers whose contracts under trial period have been terminated since March 9, and for workers who voluntarily terminated their contract since March 1 because they had a firm job offer that has been withdrawn (EUR42 million); (ii) March 10, Increased sick pay for coronavirus infected workers or those quarantined, from 60 to 75% of the regulatory base, paid by the social security budget (EUR1.4 billion); (iii) March 12, Supplemental credit of EUR25 million to cover meal allowances to ensure the basic access to food for vulnerable children affected by the suspension of educational activity in schools; (iv) March 12, 50% exemption from employers social security contributions, from February to June 2020, for workers with permanent discontinuous contracts in the tourism sector and related activities (EUR45 million); (v) March 12, Possibility for SMEs and self-employed workers to defer tax payments for six months without paying interest (injection of up to EUR14 billion); (vi) March 12, Possibility for SMEs and self-employed workers to defer tax payments for six months without paying interest rate (lost interest, EUR8.9 million); (vii) March 12, Suspension for one year of the payment of interest and amortizations corresponding to various loans granted by the Secretary of State for Tourism, within the framework of the Emprendetur Program (lost interest, EUR0.742 million); (viii) March 12, Postponement of debts derived from customs declarations - Postponement of the entry of the customs and tax debt corresponding to the customs declarations filed until May 30, 2020, provided that the amount of the debt to be postponed is greater than 100 euros (EUR2.7 million); (ix) March 17, Changes in the temporary employment adjustment schemes (ERTEs) in order to avoid outright dismissal: simplification, extension of access conditions, entitlement of unemployment benefit for workers affected by ERTE, with no requirement for prior minimum contribution or reduction of accumulated entitlement (EUR17.8 billion); (x) March 17, An extraordinary allowance is provided for self-employed workers affected by the suspension of economic activity (70% of the SSC base, at least for one month) (EUR3.8 billion); (xi) March 17, Additional budgetary funds of EUR300 million to ensure the provision of assistance to dependent persons; (xii) March 17, Additional flexibility for local authorities to use their 2019 budgetary surplus to fund social services and primary assistance to dependent persons (EUR347 million); (xiii) March 17, Extraordinary contribution measures in relation to the procedures for suspension of contracts and reduction of working hours due to force majeure related to the Covid-19 (suspension of SS contributions, EUR2.22 billion); (xiv) March 31, A temporary allowance for temporary workers whose contracts (with at least two months duration) expires during the state of emergency and have not reached the minimum contribution to receive UB (around EUR 430) (EUR17.6 million); (xv) March 31, A temporary subsidy for household employees affected by the crisis (70% of the regulatory base) (EUR3.1 million); (xvi) March 31, Extension of the temporary contracts of university teachers and research staff during the state of emergency (EUR3.8 million); (xvii) March 31, Specific program for victims of gender violence, homeless people and others who are especially vulnerable to provide them with an immediate housing solution (EUR50 million); (xviii) March 31, Rental assistance programs for vulnerable renters and additional state contribution to the State Housing Plan 2018-21 ( EUR400 million); (xix) March 31, 6-month suspension of social security contributions for the self-employed (for the period May-July) and companies (for the period April-June) without interest (EUR352 million); (xx) Deferral of SSC debts for the self-employed and companies (EUR350 million); (xxi) April 14, Extension of deadlines for filing tax returns in April to 20 May for SMEs and the self-employed (liquidity of EUR3.5 billion); (xxii) April 21, Reduction of the contributions for certain agricultural workers during periods of inactivity in 2020 and simplification of the procedure for deferring Social Security debt (EUR43 million); (xxiii) April 21, Measures to align the tax bases to the current situation: the use of the 'direct estimation method' by self-employed workers for the calculation of certain personal income tax and VAT payments, which will allow to adjust these payments during the state of alarm to the real income received; the adjustment of advance corporate tax payments to the estimated revenues in 2020 (EUR1.1 billion of liquidity); (xxiv) April 21, No inclusion as days of exercise of the activity the days of the alarm state for the calculation of the fractional payments in the objective estimation method of the Personal Income Tax and the payment on account of the simplified VAT regime; (xxv) April 21, Reduction of VAT applicable to the supply of medical equipment from national producers to public entities, non-profit organizations and hospital centers to 0%, in line with the EU (EUR1 billion); (xxvi) April 21, Reduction the VAT on electronic books, newspapers to align them with that on paper ones (EUR24 million); (xxi) April 21, (EUR200 million) No inclusion as days of exercise of the activity the days of the alarm state for the calculation of the fractional payments in the objective estimation method of the Personal Income Tax and the payment on account of the simplified VAT regime.
|Spain||06 - Budget reallocation|
|Spain||07 - Central bank financing government|
|Spain||07A - Direct lending & reserve drawdown|
|Spain||07B - Secondary purchase: government securities|
|Spain||08 - International Assistance Received|
|Spain||08A - Swaps|
|Spain||08B - International loans/grants|
|Spain||08B1 - Asian Development Bank|
|Spain||08B2 - Other|
|Spain||09 - International Assistance Provided|
|Spain||09A - Swaps|
|Spain||09B - International loans/grants|
|Spain||10 - No breakdown||250,000,000||276,548,673||OECD. http://www.oecd.org/coronavirus/en/ (accessed 14 May 2020).||
March 17: Support to the digitalisation of small and medium companies through grants and loans to finance investment in digital equipment or solutions for remote working conditions (programme ACELERA PYME) (EUR 250 million).
|Spain||11 - Other Economic Measures||Gabinete de Comunicacion. http://prensa.mitramiss.gob.es/WebPrensa/noticias/laboral/detalle/3748 (accessed 21 March 2020); Reuters. https://www.reuters.com/article/us-health-coronavirus-spain-housing/spain-eyes-suspension-of-some-rent-payments-and-evictions-government-source-idUSKBN21H2MN (accessed 1 April 2020),||
(i) March 17, Economic dismissals related to Covid-19 are not allowed. Moreover, if a company reduces activity for reasons related to the Covid crisis, the maximum duration of the affected fixed-term contracts can be prolonged for the same number of months of the crisis; (ii) March 31, Prohibit evictions due to missed payments for all households until state of emergency lifted. Thereafter, evictions due to missed payments will be prohibited for a maximum of 6 months.
|Spain||12 - Non-Economic Measures||OECD. http://www.oecd.org/coronavirus/en/ (accessed 19 April 2020; 15 May 2020).||
(i) Economy-wide lockdown since 23 March; (ii) The government advised British tourists currently abroad to return to the country, and advised against all non-essential travel worldwide. The warning is in place initially for 30 days; (iii) 16 March, Schools are closed except for children of key workers ; (iv) Social distancing is in place. A ban is in place on all social events and gatherings; (v) May 13, The government announced a gradual easing of restrictions in England, starting with the opening of most sectors that were closed during the lockdown, with the exception of entertainment, hospitality, and non-essential retail. There will be some relaxation of stay-at-home measures and unlimited exercise and driving to a national park or beach will be permitted. People can also see others from outside their household. If the health situation remains under control, a second phase would see the reopening of non-essential retailers and primary schools on 1 June, followed by the hospitality and entertainment sectors on 4 July [update]; (vi) May 11, Primary schools will re-open on 1 June [update]; (vii) May 11 the government announced that outdoor places will reopen on May 13 and that people can exercise more than once a day. Social distancing measures remain in place. Ban on public events and social gatherings remains in place; (viii) May 11,The government announced its opening strategy. In a first phase, sectors that were closed during the lockdown can re-open again on 13 May, except entertainment, hospitality, and non-essential retail. All workers who cannot work from home should travel to work if their workplace is open. If the health situation remains under control, a second phase would see the reopening of non-essential retailers on 1 June, followed by the hospitality and entertainment sectors on 4 July. [update]