The so-called spending ceiling is the statutory budget credit limit for a fiscal year. In short, it is the maximum expenditure that can be incurred by all businesses. public administrations. he approves minister council and then you need to validate Congress of Deputies. along with this item macroeconomic pictureOutline the context of growth, inflation or deficit on which public accounts should be built. General budgets of the state. According to the spending ceiling approved by the Council of Ministers, the year 2022 was 196,142 million. Thanks to the approximately 26,000 million provided by European funds, the year 2021 reached the level of 196,097 million. ‘Next generation’, included for the first time.
What does it contain?
This concept includes: non-financial expensethat is, except those related to debt or loan payment or SGK. This amount is the maximum municipalities, autonomous communities and central government. It was the highest in history, including some of the aid from European funds approved for 2021.Next generation’Of this, 140,000 million corresponds to Spain by 2026, of which about 70,000 have lost funds. Thanks to these resources, the spending ceiling for that year increased by 53.7% to 196,097 million Euros.
In fact, the spending ceiling for 2021, homogeneously comparable to the previous year, increased by 7.2% to €136,779 million. But once you include extraordinary transfers to the autonomies and Social Securityincreased 32.3% to 168,661 million and from European funds approximately 26,000 million to 196,097 million euros, an increase of 53.7%. The same happened in 2022: excluding European funds, it slightly increased to 169,787 million. In addition, 18,396 million transfers were added to SGK. And finally, 25,622 million from European funds, in addition to 733 million from React funding to Health.
How is it arranged?
spending ceiling, Organic Law 2/2012 of 27 April on budget stability and financial sustainability, approved by the PP Government. Article 30 of this rule is the rule that regulates it and determines that it must be approved by the Government before 1 August each year. The law in question also stipulates that the Ministry of Finance will inform. Financial and Fiscal Policy Council Non-financial spending limit of the State Budget.
The standard also includes: budgetary stability path In article 15, which is also a means of controlling debt and deficit. Contrary to what happens with the spending ceiling, in this case, the need for this to pass Congress is clearly stated – according to the norm “The Congress of Deputies and the Senate will declare their approval or rejection of the targets proposed by the Government”. .
In every situation, Fiscal rules on deficit, debt and public spending for 2021 and 2022 not implementedmandated by Brussels to combat the effects of the pandemic. The same goes for 203. In other words, although there are reference rates, there is no clear target to be reached.
How is it calculated?
After estimating its revenue from collection of taxes and duties and other means of obtaining resources, the Ministry of Finance will estimate how much administrations can spend, taking into account the purpose or reference of available resources. deficit, that is, the gap between expenditures and revenues. In the budgets up to 2021 and 2026, a very significant part of European funds will be created, in addition to revenues from taxes or asset sales.