Hernández de C criticism that decisions are made with ideology without evaluating costs and fears the European funds

The governor of the Bank of Spain, Pablo Hernández de Cos, criticizes that in the country make ideological decisions without evaluating their costs and fears th

Hernández de C criticism that decisions are made with ideology without evaluating costs and fears the European funds

The governor of the Bank of Spain, Pablo Hernández de Cos, criticizes that in the country make ideological decisions without evaluating their costs and fears the European funds. In a speech by collecting the Great Cross to the merit in the service of the 2021 economy of the General Council of Economists, the Governor has described serious shortcomings in the management in the country: "Spain goes late with respect to other countries of our environment. And It is not due to lack of available technical knowledge, but, in my opinion, because of the limitations existing in the current administrative, political and social ecosystem, which does not sufficiently encourage the insertion of the evaluation process within the design and revision cycle of the Public policy programs ".

Therefore, it is necessary that "no matter how strong the ideological postulates are on the means that must be used, the economic policy decision makers are open to becoming interregging for the results of rigorous and independent evaluations." The Governor has not mentioned any particular decision, but has criticized the minimum wage or the salary of officials in the past without a prior assessment of the consequences for the economy.

It does not refer only to the central government, but to all administrations and even areas of the private sector. "There are still important technical deficiencies in large part of the Spanish administrative apparatus for the design of public programs that incorporate in that design the eventual ex-evaluation or, at least, the subsequent evaluation. These shortcomings limit not only the own capacity of the public administration of conducting rigorous assessments, but also the complete use of the results of external evaluations ".

This problem becomes more serious before the challenge of up to 140,000 million that expects to receive Spain from new European funds. The Governor sees "danger" in which it is acceded on projects due to the lack of previous and subsequent examination mechanisms. "The constant evaluation of the projects financed with these funds is the most effective response (...) and minimizes the danger of following providing resources to attractive a priori projects, but that they do not yield the expected results. Erroring, sometimes, can be Part of the long-term success; persevere in error is never. Spain and Europe need the success of the Next Generation EU program, "he said. He refers to the danger that, because there are no rigorous sufficient controls, the error of a project funded by the EU is not identified.

COS Hernández also insists that it can not continue to be divorce between the government and the opposition on the funds. "A broad agreement on its destination, on the basis of a constant and rigorous evaluation, would offer the greatest chance of reaching a more prosperous country, which provides more and better opportunities for all," he stressed.

He dedicates a good part of the discourse to claim technical work and the independence of organisms such as the Bank of Spain before political ideology. "That independence allows to achieve a benefit for the Society Superior to which it would be achieved if the competences were directly assumed by the political authority," he says recalling that the Government would have no long-term vision with inflation, for example.

For this it considers it essential that there are more independent agencies such as the Bank of Spain. "Create without long-term contracting plans [of adequate technical and professional personnel] does not work", in clear allusion to the FIASCO of the extinct State Agency for Evaluation of Public Policies and the Quality of Services (AEVAL) YOA The lack of Autonomy of organizational management such as the National Commission of Markets and Competition.

Updated Date: 20 October 2021, 15:55

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