Acting Finance Minister María Jesús Montero assured this Thursday that her ministry continues to prepare for the new Prime Minister, despite the parliamentary schedule imposed by the appointment of the next Prime Minister. 2024 State BudgetAlthough aware that “there will be a delay in its approval in any case” and that it is necessary to somehow extend the existing ones.
The Head of the Treasury admits that the Accounts 2023 will need to be extended for a while over the next year anyway
In his statements in La Hora de la 1 at RTVE, Montero said that he was clearly commissioned by the United States. Head of Government, Pedro Sanchez, He will work on the State Budget project for 2024. “We’re working on that too,” he decided. He explained: “Obviously the will of the Government is to be able to approve Budgets on time and in shape for them to come into effect. [después de] On December 31″, he admitted, however: “It is clear that the calendar may delay this, but it will happen anyway: delay in confirmation“.
The head of the Treasury said his department had done all the work weeks before a Budget project was approved, “that basically consists of identifying the environment in which these public accounts need to be developed, works with Brussels, Macroeconomic forecasts etc. and in the Government.” And he added: “Therefore, we will continue to work to support this project when the investments are finished and the Government is appointed, but it is still going on.”
budget calendar
Generally, the work before the approval of a Budget project includes possible revision of the budget. macroeconomic outlook and approval spending ceiling (late June or early July), depending on deficit and debt targets for the following year. A call for regional and local representatives is usually made at the end of July. recommend Policy Tax and Financial (CPFF) and National Local Government Commission (CNAL) to assign budget targets to regional administrations.
The truth is, none of these previous steps have taken place so far due to the calendar imposed by the New Year’s Eve celebrations. The general elections are on 23 July..
The usual schedule of budget preparation usually includes: Negotiations with other political groups From the second half of August, before approval budget project Before the Council of Ministers September 30 Although this date has been systematically violated in recent years.
Whether next year’s Budget project is approved or not, the ruling Government must submit it to the European Commission before the budget project is approved. 15th of October The so-called Budget Plan of Spain, which contains basic guidelines for the accounts of all public administrations (State, autonomies and local companies) for the coming year. The European Commission needs to examine whether these directives are in line with the principles laid out in Brussels. On this occasion, Spanish accounts need to adapt to the situation.New rules of budget discipline and reducing the public deficit that will emerge in the euro area in 2024 as planned. The European Commission has the authority to change the accounts of countries during the month. November.
In a normal calendar, the State Budget project must be definitively approved by Congress and the Senate and published in the Official State Gazette (BOE). before 31 December It will come into effect on the following 1 January. If not, then automatic extension Some of the accounts for the previous year, although from January 1, with certain retrospective effects, it is possible to approve new Budgets with a delay due to the fact that the new fiscal year has already begun.