The Government brings to Congress some Budgets inflated by European funds




After overcoming the umpteenth fracture between the coalition partners, the 2022 General State Budgets, the highest spending in history, have today reached the Congress of Deputies where they face their most transcendental phase: the negotiation with the political forces to add the 176 votes necessary to approve the accounts. A path in which the nationalist forces will have, another year, a decisive role and that threatens to leave a millionaire bill for the Spanish. in the form of assignments.

The Minister of Finance, María Jesús Montero, has presented the details of the bill, after delivering the so-called “yellow book” to the president of the Lower House, Meritxell Batet. As he remarked during the press conference, the accounts include a total of 27,633 million corresponding to European funds, a figure 3.8% higher than the previous year and which gives a “historic” injection to Spanish investment, since that 85% of these European resources are distributed between the chapter of real investments and that of capital transfers. This means, Montero has pointed out, that practically nine out of every ten euros of European funds in 2022 will be used for investments.

Young people, pensioners and civil servants, benefited. Spending on unemployment, vaccines and public debt falls

The accounts, the second of the PSOE Government and United We Can, maintain the level of spending at maximum levels despite the fact that the intensity of the measures against the pandemic is practically diluted. In fact, all the items increase their numbers except for unemployment, spending on vaccines and public debt, which benefits from a lower cost thanks to the drop in rates. The witness is picked up by young people, with an item of 12,550 million, pensioners, who will see their pension rise according to average annual inflation, which leads this item to lead the podium of all expenses, and officials, who they will enjoy a salary increase of 2%.

Also the games investment rise to unprecedented amounts, 40,000 millions, of which half are financed by European funds, despite the many doubts surrounding its implementation. With these resources, the Government intends to underpin the recovery in 2022, with a 7% growth in the Spanish economy and an increase in employment of 2.7%, which will allow the unemployment rate to be reduced to 14.1%, a macroeconomic scenario that yesterday thwarted the International Monetary Fund with the revision of its downward forecasts.

With these wickers, the Government seeks to reissue the majority with which it managed to carry out the 2021 Budgets, which saw the light with a large number of ‘yeses’ from ERC, PNV, Bildu, PDeCat, Más País, Compromís, Nueva Canarias, Teruel Existe and BNG. Already in the presentation of the accounts after the extraordinary Council of Ministers last week, the Minister of Finance placed these partners as a priority, especially ERC and PNV, and assured that the accounts already include some of their requirements.

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