September 23, 2020

The Commission for Social and Economic Reconstruction approves not to apply the spending rule in 2020 and 2021



The Commission for Social and Economic Reconstruction of the Congress of Deputies has approved not to apply the spending rule in 2020 and 2021 and to allow the autonomous communities and municipalities to use the surplus of their treasury to invest in the needs derived from the crisis caused by COVID-19.

Unida Podemos has joined the transactional amendment promoted by JxCAT and agreed with PP, Cs, ERC, Compromís and CC among other formations to allow flexibility of the spending rule.

The PSOE has been the only party that has voted against, so the initiative has gone ahead with majority support, also with that of the PNV.

In this way, United Podemos departs from the common text that had been agreed with the PSOE and that did not reflect this proposal, nor does it contemplate the repeal of the labor reform or a tax on great fortunes.

All the formations with the exception of the PSOE have come together to be able to use the surplus of local corporations and autonomies in order to face the economic reconstruction after the COVID pandemic.

This initiative will be included in the final opinion and will allow local corporations to make use of all the surpluses and cash surpluses generated during the 2019 and 2020 fiscal years and that during the 2020 and 2021 fiscal years the spending rule is not application.

In addition, in application of the subsidiarity principle, a part of the European funds must be managed by the local Corporations and Autonomous Communities.

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