Brussels will give Spain more budgetary space to face the costs of the Dana which affected the Levant and the south of the country and left more than 200 dead. The European Commission clarified that the new tax rules include arrangements for dealing with emergency situations and clarified that the government can reallocate funds from the recovery plan and cohesion funds.
The Economic Vice-President of the European Commission, Valdis Dombrovskis, confirmed this on Tuesday during a press conference: “Regarding the floods in Spain, the Commission will continue to provide Spain with all the necessary support to Support Spain in this difficult situation.
“Obviously this also affects the budgetary rules: there are specific provisions to deal with emergency situations, such as those linked to serious events beyond the control of the government; there is also the possibility of reallocate funds from cohesion and the recovery and resilience plan”said the Latvian commissioner
He further indicated that “the services of the European Commission are already in contact with the Spanish authorities to discuss the possibilities and needs.” The new tax rules, which will start to apply from next year, include “fiscal tools to help Spain cope with this difficult situation”» added Dombrovskis.
