The Minister of Economy, Trade and Business, Carlos Body, assured that there will be several phases of economic aid from the Government to Valencia through DANA, so that it is not limited to the 10.6 billion euros of the first initial package.
“Beyond quantity, the most important message is that “This is a multi-phase plan that will not stay at this first response.”he guaranteed in an interview published this Sunday in ‘La Vanguardia’.
In this sense, he assured that there would be a Aid for the reconstruction and also the revival of the economy of Valencia: “The question of what the final amount of aid will be, well here the answer is very simple, whatever is necessary.”
“We will continue to support with whatever is necessary”he underlined, while considering that this reconstruction could have a horizon of several years, literally.
Likewise, he stressed that, in his own words, it would not be understood that the Executive accompanied this reconstruction process on the basis of royal decrees taken for exceptional or emergency circumstances: “Obviously this needs to be articulated in budgets.”
Financing of 900 million
He indicated that this week they reached an agreement with the European Investment Bank (EIB) to increase the capacity of the financing lines for Valencia by 900 million, and that they had done the request from the Solidarity Fund.
After being questioned by the target of the 3% deficit committed to Brusselsreferred to “one-off” spending, which is not recurring and “doesn’t count toward whether or not you meet your deficit goals.”
Regarding the possible impact of the disaster on the Spanish GDP, he considered that it is still too early to have an assessment of what it could be, although regarding the growth figure for the whole of the ‘year “Even with zero growth in the last quarter, annual GDP would increase by around 2.9%.”
“We are convinced that this can end, even above 2.7% Government forecasts”, he explained.
“Differential treatment”
About making it permanent bank tax in the financial sector and not in energy, he defended that the strategic importance of the second justifies “differential treatment”.
“In the regulatory area, this is one of them, and here’s what “We have a huge need to promote the investments that we will always need.”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 the public accounts.
