Nadia Calviño, First Vice-President and Minister of Economic Affairs and Digital Transformation, reported that 66% of the ‘Next Generation EU’ funds budgeted for 2022 have already been authorized, exceeding 53% of the amount committed, but more than has already been transferred. 18 billion € to autonomous communities to finance projects within their mandate.
“Recovery Plan rollout reaches cruise speed” In his speech to the Economic Affairs and Digital Transformation Committee of the first vice president, he stated that he will report on the economic situation of Spain, among other issues.
Despite the uncertainties and the current turmoil marked by the war in Ukraine and rising prices, Calviño insisted on the importance of paying attention to the medium and long term. In this sense, he valued the dissemination of the Rescue Plan and stated that a higher monthly call rate was achieved than the monthly call rates. 2,000 million euros, Including the General State Administration and autonomous communities.
Calviño reminded that during this year, an additional € 7,700 million transfer added to the approximately € 70,000 collected in the Plan, and the Addendum to the Improvement Plan, aimed at mobilizing € 84,000 million credit. .
Spain allocated about 160,000 million euros. public investments ‘Next Generation EU’ by 2026 among transfers and loans related to European funds.
In addition to transfers and investments, the Vice President highlighted the impact of the reforms and, as an example, in the case of labor reform, its “Success exceeds all expectations”.
And the vice president, thanks to labor reform “Structural change” in the labor market, and proof of this is that there are already more than 20 million Social Security members, the barrier of three million unemployed has been lowered for the first time since 2008, and the unemployment rate is around 12%.
He also highlighted that more than one million permanent jobs were created in Spain last year. “In practice today, one out of every two contracts are permanent works, and it should be noted that only 25% of these indefinite contracts are fixed discontinuity‘ he pointed.
He also celebrated the Senate’s approval of the job creation and growth bill today, albeit with some technical changes. The ‘Create and Grow’ lawand he hopes it will be definitively ratified at the Congress of Deputies soon.
Source: Informacion
Christina Moncayo is a contributing writer for “Social Bites”. Her focus is on the gaming industry and she provides in-depth coverage of the latest news and trends in the world of gaming.