Fedea believes that the gasoline subsidy "wastes resources" and benefits Russia

I. Perez

Economists also criticize the 2% limit on rent increases included in the Government's anti-crisis plan because "it increases the supply problems that the sector already suffers"

Edurne Martinez

The Government's anti-crisis plan launched on April 1 to respond to the consequences of the war in Ukraine is at its halfway point. On June 30, the measures adopted will fall and although the Government already opens the door to a possible extension to continue benefiting those affected by the crisis, Fedea's economists consider that they are aid with a "high budgetary cost" that do not really penetrate where they need it.

The Foundation for Applied Economics Studies published a report on Monday in which it details that the generalization of aid "wastes resources by directing them towards groups little affected by the 'shock'." In addition, experts consider that measures such as the bonus of 20 cents per liter in the price of fuel only manages to "stimulate" the demand for energy, which "pushes prices up" and "fattens Russia's income from its exports. ».

In his opinion, it would be more appropriate to allocate the increases in VAT collection and special taxes generated by the rise in energy prices to compensate the groups most affected by said increase. They also point to the introduction of "tariffs" on imports of Russian gas, which would generate "additional income to compensate the losers of the crisis" and discourage the consumption of energy of Russian origin.

But the study cabinet not only criticizes this measure of the plan recently approved in Congress, but also considers that the limitation to the updating of rents fixed to the CPI above 2% could contribute to increasing the supply problems that it already suffers the sector due to the «erosion» of legal certainty on housing. "This limitation could, perhaps, make some sense as part of a general income agreement, but not as an independent action," they say.

Also on the prohibition of objective dismissal for reasons linked to the war, Fedea believes that it could end up increasing dismissals "if it serves to prevent those companies that fear they will not be able to keep their entire workforce from participating in ERTE and other aid mechanisms." .

Income agreement and nuclear power plants

Thus, Fedea calls for an income pact that includes pensioners and public employees to "share the costs of the crisis among all." It recognizes that the details of this pact will be "complicated" and there will not be an ideal formula to cut inflation, but in the absence of an agreement this rise in prices can be "chronified", which would reduce our international competitiveness and the real value of savings .

And it gives its keys to alleviate this crisis, such as "reconsidering" the current plans for the closure of existing nuclear power plants. Fedea considers that the "procedures and investments" for the "extension of its useful life" should start immediately. It also recognizes that the measure that tries to facilitate the increase in renewable electricity generation capacity by simplifying certain procedures "is going in the right direction", although it considers that it will have a "very limited" effect.

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