The government includes 25,000 Million EU funds and promises “maximum deployment” of the previous 53,000 Million funds by 2023.

The new package of European funds adds to the nearly 53,000 million collected in the two state budgets run by the Government of Pedro Sánchez in previous years: 26,634 million in the 2021 accounts and 26,355 million in the 2022 budgets.

Faced with criticism from the opposition and companies for the slow implementation and delayed entry of funds into the real economy, the Government argues that the implementation of the Recovery, Transformation and Resilience Plan (PRTR) is a key tool. funds are determined it has reached “cruise pace” this year and 2023 will be the time when the “maximum allocation” of EU funds takes place.

“The year 2023 will be the year in which reforms and investments will spread to the maximum extent. It will do this in a context where the implementation of the investment measures identified across the region cannot be postponed to complement the actions within the REPowerEU framework. [la estrategia de la UE para reducir la dependencia de Rusia] and additional measures agreed within the framework of the Maximum Financial Contribution update”, yellow book It serves as the presentation of the PGE project.

According to the data highlighted by the Ministry of Finance from 2021 to 2022, the implementation of the Recovery Plan means that a total of 43,686 million funds have already been authorized, 37,213 million have been committed and 32,989 million have been accepted as liabilities. . According to the reports of the State Administration of General Intervention (IGAE), payments from 11,003 million in 2021 reached 5,618 million by the end of last August this year, but this does not mean that it has become certain. consignee, because transfers to other administrations or to railway infrastructure manager Adif, for example, are included.

Impact on GDP

The Government estimates that the investments and reforms envisaged in the Recovery Plan will have a significant impact on economic growth. Forecasts handled by the Ministry of Economy show that EU funds and structural reforms An average macroeconomic impact of 2.6 percentage points per year on national GDP between 2021 and 2031. The forecast for this year is that the Plan supports growth by 1.9 points and will contribute 2.8 points next year.

“This agenda, thanks to European Next Generation EU funds, [de crecimiento sostenible] It has been accompanied by the investments necessary to achieve substantial long-term structural change with a significant macroeconomic impact”, the Government continues. “The results are already visible and will become more tangible throughout the year. because there are countless processes going on, both at the state level and at the regional level”.

Investments 2023

The 25,156 million European funds included in the PGE project not only feed into the approximately 70,000 million non-refundable transfers from the European Union first committed in 2020, as in previous years’ budgets.

New government accounts also include: Close to 9,500 million, corresponding to the annex of the Improvement Plan designed by the government and will soon be sent to Brussels. This amount includes both the non-refundable funds corresponding to the extra funds approved by Brussels for Spain as it is experiencing lower-than-expected economic growth, and the first loan package that the Spanish State will eventually have to return to Brussels at a low interest rate.

Among the most notable investments, with funds from the Recovery Plan for 2023, is the Spanish 2030 industrial policy with 4,556 million. me and digitization. The residential rehabilitation plan, for its part, concentrates more on €3.005 million, or 5.8%, with programs promoting both housing access and building promotion, as well as energy efficiency. Digital connectivity, cybersecurity promotion and 5G deployment account for 2.624 million, or 69.3% more, in 2023. The modernization and digitization of public administrations, including the education system, will have 2.161 million, and the shock plan for the care economy and the strengthening of inclusion policies will concentrate 1.346 million, or 12.2% more.