Sunday, October 17

The Budgets of 2022 contemplate a historical record of investments and social spending

The General State Budgets will contemplate for the year 2022 a record of investments and transfers of 40,000 million euros, as advanced this Thursday by the Minister of Finance María Jesús Montero. Nine out of every 10 euros of the European funds planned for the next academic year (27,600 million) will be used for investment, as detailed by the budget manager. In addition, the plan contemplates 240,365 million euros for social spending, the largest recorded item.

The Council of Ministers approved this Thursday in an extraordinary meeting the accounts for next year after having unlocked the agreement between the two partners of the Executive, PSOE and United We Can, at the beginning of the week, in which they will be the second budgets presented by the Coalition government. Now it will be up to Minister Montero to register in Congress the details of the accounts with which they will have to convince the different parties of the chamber to carry them out before the end of the year.

The Government hopes to have an increase in collection of 8.1% compared to the forecast for the end of 2021, which already advances by 10% the data for 2020, weighed down by the pandemic.

The budgets will benefit from a new item of European aid from the recovery plan after the pandemic that will stand at 27.6 billion euros, representing an increase of 3% compared to the data that was already included in the 2021 accounts. Industry and energy and R&D will be the main items received by these investments from Europe. 8,500 million will be focused on the digitization of SMEs.

Montero has focused on the fact that these budgets are those of the “fair recovery” after the pandemic and in aid to young people, for which he has encrypted 12,500 million in different items, among which is the housing check announced by Pedro Sánchez to help the emancipation of those under 35 years of age. Also the cultural voucher for young people, which represents a game of 210 million euros.



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