The Spanish Government has just issued its draft for the National Budget for 2016. According to said draft, the funds for the Spanish Institute of Cinematography and Audiovisual Arts would increase by 44.7%. A total amount of €60.5 million would be used for giving grants for audiovisual productions, a 65.36% increase compared to the amounts available in 2015.

This increase is likely due to the new grants in advance to be introduced next year, which will allow producers and private investors to determine the level of public funding available before starting to shoot a film. The Spanish Parliament is now studying the draft of the Government and the figures indicated above could be amended in the final version. Nevertheless, since the Government still holds an outright majority in Parliament and the National Budget is likely to be approved before the next General Elections in December 2015, the figures may probably remain the same or very similar.