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Ministry of Economy (Spain)

Ministry of Economy, Trade and Enterprise
Ministerio de Economía, Comercio y Empresa

Headquarters of the Ministry in the Nuevos Ministerios government complex
Agency overview
Formed4 July 1977 (1977-07-04)
(as Ministry of Economy)
Preceding agency
TypeMinistry
JurisdictionSpanish government
Employees5,836 (2022)[1]
Annual budget 9.8 billion, 2023[2]
Minister responsible
Agency executives
  • Israel Arroyo Martínez, Secretary of State for Economy and Enterprise Support
  • Amparo López Senovilla, Secretary of State for Trade
  • Paula Conthe Calvo, Secretary-General for the Treasury
  • Aida Fernández González, Under-Secretary
WebsiteMinistry of Economy, Trade and Enterprise(in Spanish)

The Ministry of Economy, Trade and Enterprise (MINECO) is the department of the Government of Spain responsible for proposing and carrying out the government policy on economic affairs, through reforms to improve competitiveness and trade, focused on business support and the potential growth of the economy. At the same time, it directs the commercial policy of internationalization of companies, as well as the supervision of investments and foreign transactions.[3]

As the main Cabinet department responsible for the economic policy, it is also the ministry in charge of the proper functioning of the oldest and most relevant Delegated Committee, the Government Delegated Committee for Economic Affairs (CDGAE), a collective body of the Government in charge of guaranteeing the full coordination and coherence of the government policies with the economic policy. The Economy Minister chairs this committee, while the Secretary of State for Economy assumes the secretariat.[3]

The MINECO is headed by the Economy Minister, a Cabinet member who is appointed by the Monarch at request of the Prime Minister. The Minister of Economy is assisted by four high-ranking officials, the Secretary of State for Economy and Enterprise Support, the Secretary of State for Trade, the Secretary-General for the Treasury and International Financing and the Under-Secretary of Economy.[3] The current minister is Carlos Cuerpo, a State economist and former Secretary-General for the Treasury.[4]

  1. ^ Statistical Bulletin of the personnel at the service of the Public Administrations. 2022.
  2. ^ "2023 State Budget" (PDF). boe.es. 1 January 2023. Retrieved 8 January 2023.
  3. ^ a b c "Royal Decree 410/2024, of April 23, which develops the basic organic structure of the Ministry of Economy, Trade and Enterprise". www.boe.es. Retrieved 26 April 2024.
  4. ^ "Spain's PM appoints Carlos Cuerpo as economy minister". www.ft.com. Retrieved 26 April 2024.

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