Dialogue organised by SPAIN INVESTORS DAY with the Secretary of State for Economy and Business Support, Gonzalo García Andrés
- “We have the plans and means for an expansive, strong and lasting recovery of the economy.”
- “In addition to investments, we have structural reforms such as the new Climate Change Act and the modernization of the vocational training system.”
- “Thirty billion euros have already been authorised from European funds and there will be a continuous flow of calls, so companies need to be vigilant.”
Madrid, 8 June 2022.- The Secretary of State for Economy and Enterprise Support of the Ministry of Economic Affairs and Digital Transformation, Gonzalo García Andrés, spoke today at the Dialogue of Spain Investors Day: “The Government’s Economic Policy: Forecasts and Plans in a Complex Situation.” Gonzalo García Andrés stressed that “during the last year the Spanish economy has grown intensely and recovered. He also highlights the good performance of employment, which translates into an increase of more than half a million workers contributing to the Social Security since before the pandemic and adding a total of 20.3 million members today.”
The Secretary of State also referred to the influence of geopolitical circumstances such as the war between Russia and Ukraine, which has led to a rise in the price of oil and a fivefold increase in gas; “an energy shock”, he said, “similar to that of the 1970s, which has led to a significant increase in electricity, and therefore has had an impact on business and is the main cause of inflation, that we expect to moderate in the second half of 2002 and more intensively in 2023.”
Gonzalo García Andrés insisted that in the government “we have the plans and the means to make this stage the beginning of an expansive, solid and lasting recovery of the economy and, to that end, we have the Stability Program that we sent last March to Brussels, which aims to achieve growth of more than 4 percent this year and continue to create jobs.”
The dialogue was moderated by Benito Berceruelo, President of the SID and CEO of Estudio de Comunicación, who explained that “the aim of the SID is to become a showcase for the Spanish economy and a platform for bringing our country’s business news to international investors” and referred to the Recovery, Transformation and Resilience Plan that outlines the roadmap for the modernization of the Spanish economy. the Spanish economy. The Secretary of State explained that “19 billion euros have already been invested and we are waiting for the approval of another 12.00 million euros; in addition to the investments, we have structural reforms of the Spanish economy such as the new Climate Change Law and others such as the modernization of the vocational training system.”
Regarding business expectations on the arrival of the European Funds to the real economy, the Secretary of State emphasized that “more than 17,000 projects and more than 12.00 companies have already received support from the Funds” and that Spain is an advantageous country in the management of European aid. “The number of companies and projects receiving funding is clearly going to grow. Since the implementation of the Plan began, less than a year ago, €30 billion has been authorised and there will be a continuous flow of calls, so companies must be vigilant.”
