EU Report: The Spanish Government is the one that further recovery to European funds

Danger of Fiasco for the Spanish economy. The Government has become the one that further the recovery to the Community Mana of all the Member States. At the

EU Report: The Spanish Government is the one that further recovery to European funds

Danger of Fiasco for the Spanish economy. The Government has become the one that further the recovery to the Community Mana of all the Member States. At the time, it presents low levels of money execution, even anticipating their arrival.

The data appears in a report from the European Commission published this Thursday and grants Spain the first position in terms of dependence on European funds. The percentage of public spending that expects to cover with the funds of the so-called mechanism of recovery and resilience in 2021 and 2022 exceeds 3% of the gross domestic product, well above the next one in the classification that is Greece, which does not reach 2%.

Spain is not the main beneficiary of new funds or absolute figures - it exceeds Italy - nor in proportion, but it counts as any other community money to get out of the crisis. The European Commission notes its report that it has recommended that Member States make use of the new mechanism, but also preserve national spending to leave as soon as possible. At the other end of Spain it is located Italy, which, at the moment, best bet on the bird in hand of the national spending than by the European, to the point that he has received a criticism of the European Commission. Commissioners Valdis Dombrovskis and Paolo Gentiloni reproach the Mario Draghi government that has not put more limit to their national spending with such high indebtedness.

And Spain? The European Commission does not comment that there are States that account for much more than other funds in these first two years. "It reflects the volume of subsidies assigned in the recovery and resilience mechanism as well as the disbursement calendar linked to the achievement of planned objectives and milestones". That is, that the government bet more than anyone who will fulfill in 2021 and 2022 with the conditions and that it will execute the funds quickly.

The coalition government attempts a restrictive budget on national spending for recovery, according to the Commission. And that implies a risk, seen the Spanish execution capacity. He did not even advance the money waiting for him from Brussels, as the government did in the budgets of 2021, the forecast is being fulfilled.

This is thus emphasized by a report of the Foundation of Savings Boxes (FUNCAS) published this Thursday. According to its authors, César Cantalerapiedra and Ana María Domínguez, the percentages of execution until October of the budgeted already in 2021 do not allow optimism. They barely exceed 50% when they give only two months to conclude the year. "It is always hard to roll the machinery," the Minister of Finance, Maria Jesús Montero, told the sixth. She argues that she is already "compromised 51.8%" from European funds for this year, but she was sure that Spain will end up taking advantage of the expected 140,000 million.

In the Function Study, they indicate that "attending the budget distribution contemplated in the plan for the year 2021 and the information on the calls published until the month of October (inclusive), there would still be a remarkable volume of funds to be executed before the closure of the Current exercise It is also possible to indicate that the degree of execution is heterogeneous, between the lever policies and the components of the plan (...) a few two months for the term of 2021, it seems complicated that all the budget expected for this first can be executed Year of implementation of the plan ».

The money foreseen for the modernization and digitalization of the industrial and SME tissue, the recovery of tourism and the impulse to an entrepreneurial nation has not been executed by 50% until October. Nor is it allocated to resilient infrastructures and ecosystems or fair and inclusive energy transition. Especially striking is the fiasco an administration for the 21st century with an execution in the first ten months of the year that does not reach 10%, although the authors nuance that may be above whether the different administrations directly apply the resources that are Assign. The authors emphasize that chapters already executed must be distributed in turn by the communities. "For next year, a greater dynamism is expected in the implementation of the funds," they point out.

Updated Date: 25 November 2021, 21:10

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