The Minister of Economy, Commerce and Business, Carlos Body, has assured that there will be more phases of economic aid from the Government to Valencia through DANA, so that it will not be limited to the 10.6 billion euros of the first initial package.
“Beyond the quantity, the most important message is that “This is a plan in several phases that will not remain at this initial response.”he guaranteed in an interview published this Sunday in ‘La Vanguardia’.
In this sense, he has assured that there will be a Help in the reconstruction and also for the relaunch of the economy of Valencia: “The question of how much the final size of the aid will be, well here the answer is very simple, whatever is necessary.”
“We will continue to support with everything necessary”he has highlighted, while considering that this reconstruction may have a horizon of several years, literally.
Likewise, he has pointed out that, in his words, it would not be understood that the Executive accompanied this reconstruction process based on royal decrees that are made for exceptional or emergency circumstances: “It is obvious that this has to be articulated through the budgets.”
Financing of 900 million
He reported that this week they have reached an agreement with the European Investment Bank (EIB) to increase the capacity of financing lines for Valencia by 900 million, and they have made the request from the Solidarity Fund.
After being questioned by the target of the 3% deficit committed to Brusselshas alluded to ‘one-off’, expenses that are not recurring and that “do not count when it comes to seeing whether or not you are meeting your deficit objectives.”
Regarding the possible impact of the catastrophe on the Spanish GDP, he considered that it is still too early to have an assessment of what it could be, although with respect to the growth figure for the year as a whole “even with zero growth in the last quarter, annual GDP would grow around 2.9%.”
“We are confident that it can finish, even above 2.7% of the Government’s forecast”, he detailed.
“Differential treatment”
About making permanent the banking tax in the financial sector and not in energy, he has defended that the strategic importance of the second justifies a “differential treatment.”
“In the regulatory field it is one of them, and here what “We have an enormous need to promote investments that we will continue to need.”has refuted, while expressing the opinion that with the tax on the financial sector they will be able to maintain their momentum in a balanced manner and with a fair contribution to public accounts.
#Body #assures #phases #economic #aid #Government #Valencia
