The Ministry of Economic Affairs and Digital Transformation (MINECO) is the

department Department may refer to: * Departmentalization, division of a larger organization into parts with specific responsibility Government and military *Department (administrative division), a geographical and administrative division within a country, ...

of the

Government of Spain gl, Goberno de España eu, Espainiako Gobernua , image = , caption = Logo of the Government of Spain , headerstyle = background-color: #efefef , label1 = Role , data1 = Executive power , label2 = Established , da ...

responsible for the proposing and carrying out the government policy on

economic affairs An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with th ...

, business support and reforms to improve economic potential growth as well as acting as the communication channel with the

European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been des ...

and other economic and financial international organizations in this matters. Likewise, this department is responsible for the

telecommunication Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...

s policy and the

digital transformation Digital transformation is the adoption of digital technology by an organization to digitize non-digital products, services or operations. The goal for its implementation is to increase value through innovation, invention, customer experience or ef ...

. This has been a ministry that for most of its history has been linked to the

Ministry of the Treasury The (lit. the department of the great treasury) was a division of the eighth-century Japanese government of the Imperial Court in Kyoto, instituted in the Asuka period and formalized during the Heian period. The Ministry was replaced in the Mei ...

, including a large part of the democratic stage, although they are now separated. The MINECO is headed by the Economy Minister, a

Cabinet Cabinet or The Cabinet may refer to: Furniture * Cabinetry, a box-shaped piece of furniture with doors and/or drawers * Display cabinet, a piece of furniture with one or more transparent glass sheets or transparent polycarbonate sheets * Filing ...

member who is appointed by the

Monarch A monarch is a head of stateWebster's II New College DictionarMonarch Houghton Mifflin. Boston. 2001. p. 707. Life tenure, for life or until abdication, and therefore the head of state of a monarchy. A monarch may exercise the highest authority ...

at request of the

Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not ...

, after hearing the

Council of Ministers A council is a group of people who come together to consult, deliberate, or make decisions. A council may function as a legislature, especially at a town, city or county/ shire level, but most legislative bodies at the state/provincial or nati ...

. The Minister of Economy and Business is assisted by five high-ranking officials, the Secretary of State for Economy and Business Support, the Secretary of State for Telecommunications and Digital Infraestructures, the Secretary of State for Digitization and Artificial Intelligence the Secretary General for the Treasury and International Financing and the Under Secretary of Economic Affairs. The current minister is Deputy PM

Nadia Calviño Nadia María Calviño Santamaría (born 3 October 1968) is a Spanish economist and civil servant who serves as First Deputy Prime Minister of Spain since July 2021 and as Minister of Economy since 2018 under prime minister Pedro Sánchez. In 20 ...

, a former EU Civil Servant in charge of the

EU Budget The Budget of the European Union (EU budget) is used to finance EU funding programmes (such as the European Regional Development Fund, the Cohesion Fund, Horizon Europe, or Erasmus+) and other expenditure at the European level. The EU budget ...

History

Origin and protectionism

The responsibilities over the economy had been integrated in the

since its creation in the 18th century. However, because of the weakness and the deficiencies of the Spanish industry and trade sectors, during the

dictatorship of Miguel Primo de Rivera Miguel Primo de Rivera y Orbaneja, 2nd Marquess of Estella (8 January 1870 – 16 March 1930), was a dictator, aristocrat, and military officer who served as Prime Minister of Spain from 1923 to 1930 during Spain's Restoration era. He deepl ...

was needed an autarchic policy. In addition, after the

World War I World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fightin ...

the complexity of international markets had plunged

Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , i ...

into a strong industrial crisis. As a result, the sectors affected demanded a protectionist tariff policy in defense of national production against foreign one and, in turn, make it easy the

export An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an ...

s. Thus began an autarchic policy based on economic nationalism and tariff protectionism whose best example is the Cambó tariff of 1922. This policy was assumed by the dictatorship of Primo de Rivera. Thus a certain economic bonanza was achieved that was truncated by the

Great Depression The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagio ...

of 1929. The Cambo tariff was the technical and fiscal response to the critical deficit situation of the Spanish trade balance since 1920. It was a tariff policy that served two competing needs: one was to protect the different sectors of the

Spanish economy The economy of Spain is a highly developed social market economy. It is the world's sixteenth-largest by nominal GDP and the sixth-largest in Europe. Spain is a member of the European Union and the eurozone, as well as the Organization for Eco ...

against the international, heavily taxing imports of products produced by foreign counterparts; another responded to the need to defend export agriculture, a sector with a large foreign market and which was damaged by the rise in tariffs, victim of the consequent increases in the countries affected by the Spanish measures. This was solved with the signing of international treaties of Commerce and Navigation agreeing a particular and significant reduction of the tariff with each one of the foreign nations with which commercial exchanges took place. Flores de Lemus defined the situation that was lucidly created: there was a complementarity between export agriculture and agriculture and industry in need of protection, although the instruments used by the Government were opposed and a continuous tension was created between them.

Dictatorship, Republic and Civil War

Although remote antecedents of the Economy portfolio can be found in the creation of the

Ministry of Supply The Ministry of Supply (MoS) was a department of the UK government formed in 1939 to co-ordinate the supply of equipment to all three British armed forces, headed by the Minister of Supply. A separate ministry, however, was responsible for aircr ...

as an immediate consequence of the crisis of 1917; The first step towards the creation of a specific department occurred during the

dictatorship of Primo de Rivera General Miguel Primo de Rivera's dictatorship over Spain began with a coup on 13 September 1923 and ended with his resignation on 28 January 1930. It took place during the wider reign of King Alfonso XIII. In establishing his dictatorship, ...

when the National Economy Council established by Royal Decree of 8 March 1924. The council was born with the purpose of studying the problems of the national production and consumption, for the purpose of setting the customs tariffs and determining the way to establish international commercial relations adapted to the Spanish economic reality. For this reason, its main functions were to collect statistics on foreign trade and

cabotage Cabotage () is the transport of goods or passengers between two places in the same country. It originally applied to shipping along coastal routes, port to port, but now applies to aviation, railways, and road transport as well. Cabotage rights ar ...

; obtain economic and commercial information in Spain and abroad; establish the official valuation of the goods, taking into account the cost of the same; propose new

customs tariff A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and polic ...

s, as well as the revision of nomenclatures and tariffs. It was also responsible for proposing the conclusion of

Trade Agreements A trade agreement (also known as trade pact) is a wide-ranging taxes, tariff and trade treaty that often includes investment guarantees. It exists when two or more countries agree on terms that help them trade with each other. The most common tr ...

. Finally, this body served to control all

pressure groups Advocacy groups, also known as interest groups, special interest groups, lobbying groups or pressure groups use various forms of advocacy in order to influence public opinion and ultimately policy. They play an important role in the developm ...

in the country and thus channel their antagonistic interests: Boards and chambers of Commerce, Industry and Navigation, associations of producers, employers' organizations and

trade unions A trade union (labor union in American English), often simply referred to as a union, is an organization of workers intent on "maintaining or improving the conditions of their employment", ch. I such as attaining better wages and Employee ben ...

of all kinds. The end of the Military Directorate in 1925, the restoration of the ministerial regime and the economic circumstances led to the creation of the ''Ministry of National Economy'' (despite its name, it is today the

Ministry of Industry A Ministry of Trade and Industry, Ministry of Commerce, Ministry of Commerce and Industry or variations is a ministry that is concerned with a nation's trade, industry and commerce. Notable examples are: List *Algeria: Ministry of Industry and ...

) by Royal Decree-Law of 3 November 1928, in response to public opinion that this affairs required to be placed under one direction only, both in terms of production, trade and consumption; and that to date they were dispersed among the rest of the government departments. The National Economy Council depended on the new Economy Ministry, although slightly modified, continuing with its work of collecting and contrasting the realities of the country around each and every one of the sectors of his economic life. By Decree of 16 December 1931, the department was renamed as Ministry of Agriculture, Industry and Trade. In the middle of the

Civil War A civil war or intrastate war is a war between organized groups within the same state (or country). The aim of one side may be to take control of the country or a region, to achieve independence for a region, or to change government policies ...

, the government of the

Republic A republic () is a "state in which power rests with the people or their representatives; specifically a state without a monarchy" and also a "government, or system of government, of such a state." Previously, especially in the 17th and 18th c ...

created a Ministry of Finance and Economy, first based in

Barcelona Barcelona ( , , ) is a city on the coast of northeastern Spain. It is the capital and largest city of the autonomous community of Catalonia, as well as the second most populous municipality of Spain. With a population of 1.6 million within ci ...

and then in

Valencia Valencia ( va, València) is the capital of the Autonomous communities of Spain, autonomous community of Valencian Community, Valencia and the Municipalities of Spain, third-most populated municipality in Spain, with 791,413 inhabitants. It is ...

. The head of the new institution was

Juan Negrín Juan Negrín López (; 3 February 1892 – 12 November 1956) was a Spanish politician and physician. He was a leader of the Spanish Socialist Workers' Party ( es, Partido Socialista Obrero Español, PSOE) and served as finance minister and ...

, who at the same time was

. Its creation was ordered by Decree of 17 May 1937 and its functions and structure were dictated by Decree 27 of that same month.

From the economic autarky to the developmentalism of the 1960s

The catastrophic situation in which the country was plunged after the

and the collapse of international markets caused by the

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...

, led to the creation of a new National Economy Council. The new body monitored that all ministries follow the economic guidelines of the

Government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

in a harmonious and coordinated manner. His legal regime constituted him as an autonomous body of work, consultant, adviser and technician in all the matters that affected the national economy. It depended directly on the Office of the Prime Minister. The importance of the council will be increased, so much that institutionally its president will be compared to those of the

Cortes Cortes, Cortés, Cortês, Corts, or Cortès may refer to: People * Cortes (surname), including a list of people with the name ** Hernán Cortés (1485–1547), a Spanish conquistador Places * Cortes, Navarre, a village in the South border of N ...

, the

Supreme Court A supreme court is the highest court within the hierarchy of courts in most legal jurisdictions. Other descriptions for such courts include court of last resort, apex court, and high (or final) court of appeal. Broadly speaking, the decisions of ...

, the

Court of Auditors The European Court of Auditors (ECA; French: ''Cour des comptes européenne'') is one of the seven institutions of the European Union (EU). It was established in 1975 in Luxembourg in order to improve EU financial management. It has 27 members ( ...

and the

Council of State A Council of State is a governmental body in a country, or a subdivision of a country, with a function that varies by jurisdiction. It may be the formal name for the cabinet or it may refer to a non-executive advisory body associated with a head o ...

. Its power and influence in economic matters, always oriented towards

autarky Autarky is the characteristic of self-sufficiency, usually applied to societies, communities, states, and their economic systems. Autarky as an ideal or method has been embraced by a wide range of political ideologies and movements, especially ...

, will be equal to that of the General Secretariat of the Movement. Finally, the president of the council had the rank of

Minister without portfolio A minister without portfolio is either a government minister with no specific responsibilities or a minister who does not head a particular ministry. The sinecure is particularly common in countries ruled by coalition governments and a cabinet w ...

. Its connection to the most immobile sector of the regime in terms of economy will mean the beginning of its decline. Confronted openly with the Ministries of the Treasury and Commerce for the turn that the Stabilization Plan had made towards a

capitalist economy Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, private pr ...

, the National Economy Council gradually began to lose importance in the 1960s. It disappeared in 1977, absorbed by the Ministry of Economy. During the premiership of Arias Navarro, a specific

Deputy Prime Minister A deputy prime minister or vice prime minister is, in some countries, a government minister who can take the position of acting prime minister when the prime minister is temporarily absent. The position is often likened to that of a vice president, ...

was created for economic affairs, a position that was assumed by the head of the Treasury portfolio. The new position implied the disappearance of the Ministry of Development Planning, leaving its Undersecretariat ascribed to the Delegate Commission of the Government for Economic Affairs.

Democracy: the Ministry

Despite all that, the department that we know today was created in 1977, named Ministry of Economy. Its creation took place in conjunctural circumstances and of great importance for the economic history of

. Once the political transition to democracy began, the second government presided over by Suarez was aware that the constitutional process would be seriously hampered if there was no economic growth. The circumstances were totally contrary due to the serious situation that the country was going through due to the oil crisis of 1973, the ineffectiveness of the measures adopted by the last governments of the dictatorship; as well as the accentuation of the latent problems:

inflation In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reductio ...

unemployment Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) not being in paid employment or self-employment but currently available for Work (human activity), w ...

, external deficit, deficit of the public sector and the low level of investments. The institutional solutions involved remodeling the

General State Administration The General State Administration ( es, Administración General del Estado) is one of the Public Administrations of Spain. It is the only administration with powers throughout the national territory and it is controlled by the central government. ...

, creating a Second Deputy Prime Minister for economic affairs and the position of Minister of Economy through several royal decrees signed on 4 July 1977, appointments that fall in Fuentes Quintana. The Ministry, created to group in a single department the different competences in the matter of organization and economic planning and to be able to single out the decisions on economic policy extracting them in part from the

. Its main task was to establish the guidelines of the general economic policy, the short and medium term programming and the study of the proposal of advisable measures to ensure the smooth running of the economy of the country. To carry out is new duties, the department was structured through a Secretariat of State, an Undersecretariat, a General Technical Secretariat and four directorates-general, one for design the economic policy of the government, other to study and analyse the economic policy and its effects, other one to study the economiy and forecast and a fourth one for finance policy and supervision of banking entities. Most of those bodies were newly created and others were transferred from the

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Ec ...

and the

Ministry of the Presidency The Ministry of the Presidency, Relations with the Cortes and Democratic Memory (MPR) is the department of the Government of Spain which assures the link between the different Ministries and the Prime Minister and is responsible for the relations ...

. The new ministry also assumed the statistical powers of the government through the

National Statistics Institute National Institute of Statistics may refer to: *National Institute of Statistics of Bolivia *National Institute of Statistics of Cambodia *National Institute of Statistics and Census of Costa Rica *National Institute of Statistics and Census of Nica ...

. The administrative reforms carried out by the first government headed by

Felipe González Felipe González Márquez (; born 5 March 1942) is a Spanish lawyer, professor, and politician, who was the Secretary-General of the Spanish Socialist Workers' Party (PSOE) from 1974 to 1997, and the 3rd Prime Minister of Spain since the ...

led in 1982 to the merger in one of the departments of Treasury and Economy and Commerce, giving birth to the Ministry of Economy and Finance. This body has continued to operate continuously with the exception of the 7th Cortes Generales (2000-2004), under the premiership of

José María Aznar José María Alfredo Aznar López (; born 25 February 1953) is a Spanish politician who was the prime minister of Spain from 1996 to 2004. He led the People's Party (PP), the dominant centre-right political party in Spain. A member of the Fre ...

, in which the Treasury and Economy portfolios were split in two. The same happens since the 10th Cortes Generales (2011–present). Between 2016 and 2018, the Ministry of Economy merged with the Ministry of Industry.

Structure

The Ministry of Economy and Business is organised in the following superior bodies: * The Secretariat of State for Economy and Business Support ** The General Secretariat for the Treasury and International Financing *** The Directorate-General for the Treasury and Financial Policy. ** The Directorate-General for Economic Policy ** The Directorate-General for Macroeconomic Analysis ** The

Directorate-General for Insurance and Pension Funds Within the European Union, Directorates-General are departments with specific zones of responsibility, the equivalent of ministries at a national level. Most are headed by a European Commissioner, responsible for the general direction of the Dir ...

* The Secretariat of State for Digitalization and Artificial Intelligence **The General Secretariat for Digital Administration **The Directorate-General for Digitalization and Artificial Intelligence *The Secretariat of State for Telecommunications and Digital Infrastructures ** The Directorate-General for Telecommunications and Organization of Audiovisual Communication Services * The Undersecretariat of Economic Affairs and Digital Transformation ** The Technical General Secretariat **The Inspectorate of Services **The Deputy Directorate-General for Human Resources **The Deputy Directorate-General for Financial Administration and Administrative Office **The Budget Office **The Deputy Directorate-General for Information and Communication Technologies *The Special Commissioner for the Alliance for the New Economy of Language, with rank of Under-Secretary **The Office of the Special Commissioner for the Alliance for the New Economy of Language

Ministry agencies

*Macroprudential Authority Financial Stability Council. *

Official Credit Institute The Official Credit Institute (Spanish Spanish might refer to: * Items from or related to Spain: **Spaniards are a nation and ethnic group indigenous to Spain **Spanish language, spoken in Spain and many Latin American countries **Spanish cuisine ...

National Commission on Markets and Competition National may refer to: Common uses * Nation or country ** Nationality – a ''national'' is a person who is subject to a nation, regardless of whether the person has full rights as a citizen Places in the United States * National, Maryland, ce ...

National Securities Market Commission The National Securities Market Commission () (often abbreviated as CNMV) is the Spanish government agency responsible for the financial regulation of the securities markets in Spain. It is an independent agency that falls under the Ministry of ...

*Institute for Accounting and Accounts Audit *

SEPBLAC The Executive Service of the Commission for the Prevention of Money Laundering and Monetary Offenses (, SEPBLAC) is the financial intelligence unit (FIU) of the Spanish Ministry of Economic Affairs and Digital Transformation. As FIU, the Sepblac ...

List of officeholders

Office name: *Ministry of Economy (1977–1980; 2000–2004) *Ministry of Economy and Trade (1980–1982) *Ministry of Economy and Competitiveness (2011–2016) *Ministry of Economy, Industry and Competitiveness (2016–2018) *Ministry of Economy and Business (2018–2020) *Ministry of Economic Affairs and Digital Transformation (2020–present)

Notes

References

{{DEFAULTSORT:Minister of Economy And Finance (Spain) Economy And Finance Economy and Finance

Government ministries of Spain Digital policy ministries fr:Ministère de l'Économie et des Finances (Espagne)