The Minister of Economy, Finance, and Employment, Rocío Albert, presented these figures today at the closing of the forum Business Vision, Strategy, and Future, organized by the newspaper Expansión and Banco Santander.
Albert emphasized that low taxation is a hallmark of the Madrid government, which “does not invent tourist taxes that penalize those who visit and generate wealth in shops and hotels, nor false green taxes that only serve to paint company balance sheets red and reduce competitiveness.”
Thus, since President Díaz Ayuso’s first term, 34 tax cuts have been approved, including the deflation of the regional bracket of the Income Tax on two occasions, to prevent price increases from turning into a hidden tax hike that penalizes growth. This is combined with the defense of economic and business freedom, institutional stability, and the fight against overregulation, which together have turned the region into Spain’s economic engine, contributing nearly 20% of the national GDP while representing only 14% of the population.
The Minister of Culture, Tourism, and Sports, Mariano de Paco Serrano, also spoke at the forum, highlighting that the Madrid Region is “the best ally of an activity that generates nearly €10 billion in tax revenue.” After noting that in 2025 the tourism sector generated €28.569 billion (8.7% of the regional GDP), Serrano emphasized that “tax revenue from tourism is almost equivalent to covering the region’s entire healthcare expenditure.”