Ministry of Economy (Spain)
The Ministry of Economy, Trade and Enterprise (MINECO) is the department of the Government of Spain responsible for the proposing and carrying out the government policy on economic affairs, business support and reforms to improve economic potential growth as well as acting as the communication channel with the European Union and other economic and financial international organizations in this matters. Likewise, this department is responsible for the telecommunications policy and the digital transformation.
| Ministerio de Economía, Comercio y Empresa | |
Headquarters of the Ministry in the Nuevos Ministerios government complex. | |
| Agency overview | |
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| Formed | 4 July 1977 (as Ministry of Economy) |
| Type | Ministry |
| Jurisdiction | Spanish government |
| Employees | 4,940 (2019) |
| Annual budget | € 9.8 billion, 2023 |
| Minister responsible |
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| Agency executives |
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| Website | Ministry of Economy, Industry and Competitiveness(in Spanish) |
This has been a ministry that for most of its history has been linked to the Ministry of the Treasury, including a large part of the democratic stage, although they are now separated.
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. The current minister is Carlos Cuerpo, a State economist and former Secretary-General for the Treasury.