It is difficult to find experts who, apart from the political noise or interests of one party, see clumsiness in the Spanish management of the European funds of the ‘Next Generation EU’ mechanism. Spain was the first country to see its Recovery plan and in receiving the first delivery of funds and, in this sense, there is recognition of the work done by the vice president Nadia Calvin.
However, the data from the recent report by the CEOE on the balance sheet of the first year of the ‘Next Generation’ are eloquent: only calls for applications have been launched. grants or tenders of public investments charged to European funds for an amount (9,300 million) equivalent to 38% of what had been budgeted for 2021 (slightly more than 24,000 million).
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Making one thing compatible and the other could lead to what the Government has been able to fail in 2021 is not so much in the management of the funds (according to the opinion of a large part of the experts consulted) but in the fulfillment of the expectations generated. Vice President Calviño preached that the absorption of the European funds budgeted for the year would be complete and that this would allow adding two growth points to the Spanish economy. In April, the minister lowered expectations and lowered growth forecasts (from 9.8% to 6.5%). Now the Bank of Spain estimates that the low execution of investments linked to European funds will hardly contribute three tenths to growth 2021 (which drops to 4.5%) and shifts to this year and the next two the greatest impact of investments.
Once this frustration over unfulfilled expectations has been overcome, the important thing now is that the execution of European funds reaches that “cruising speed & rdquor; to which Vice President Calviño usually refers and that the aid and bids reach companies, large and small, as soon as possible. False expectations are exceeded, because the real ones are already important enough.
Reference-www.elperiodico.com