"The projections that will accompany the next budget will include for sure a revision upwards of the growth rate ... the scenario is a growth rate clearly above 2.5 pct," de Guindos said during a conference to mark Spain Investor Day.

Spain cut this year's growth prediction in the midst of a political crisis in the wealthy region of Catalonia in October, though the government has said that, if the problem was resolved, the forecast would be increased.

(Reporting by Andres Gonzalez; Writing by Paul Day; Editing by Jesus Aguado)