Time is short and the Government is setting temporary objectives in the process of designing the general state budgets. The Minister of Finance, María Jesús Montero, already anticipated this week that she plans to take the spending ceiling proposal to the Congress of Deputies at the end of September. And this Saturday, the head of the Economy, Nadia Calviño, stated at the end of the Ecofin meeting in Berlin that the Government “is working these days” to be able to present a draft budget to the European Commission in mid-October. Likewise, Calviño expressed his desire that public accounts achieve the “maximum possible support.”
“There is an important target date, which is October 15, to send the budget plan for 2021 to the European Commission and that is a reference point for all the work we are developing,” said the Minister of Economic Affairs and Digital Transformation .
At the moment, as Calviño explained, the Treasury is preparing “the basic architecture of that project” of budgets. When this phase is concluded, the Fiscal and Financial Policy Council will be convened and the path of budgetary stability will be designed.
Calviño also pointed out the priorities of the new public accounts: support for growth and employment, in addition to strengthening health and education, as well as the design of a system to channel the funds that come from Brussels and the recovery fund after the pandemic. In his opinion, These priorities attract a broad agreement in society that it hopes will be reflected in the Congress of Deputies.
The minister also referred to the salaries of officials. The vice president insisted that officials have gained purchasing power in the last three years. According to the figures he contributed, in 2018 inflation was 2.7% and public salaries increased 2.75%; in 2019, prices grew 0.7%, compared to the 2.5% rise in civil servants’ salaries; while this year the CPI is expected to close at 0% and compensation has registered an advance of 2%.
But Calviño also pointed out that the Government has not made any decision on the matter and that it has not been discussed in the council of ministers either.
Regarding ERTEs, Calviño pointed out the need to determine which sectors will continue to require a new extension due to force majeure, in order to use public money in the “most efficient and effective” way possible and to support those who may they really need it.