May 13, 2021

The Government expects ERTE to cost 7,972 million euros in 2021


Madrid

Updated:

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The Government foresees that the ERTE coverage, benefit for cessation of activity and temporary disability will cost the public coffers 7,972 million euros in 2021, compared to 29,311 in 2020. This is stated in the National Reform Plan that the Executive has sent to Brussels this afternoon, in which it figures in 50,283 million the aid deployed to workers and self-employed companies.

«The total aid mobilized through discretionary measures in the period 2020-2021 represents close to 223,000 million euros, 20% of GDP in 2020. Of these, more than 66,000 million euros (6.4% of GDP) in direct aid granted in 2020 and committed to 2021 and about 157,000 million euros (about 14% of GDP) in financing mobilized through guarantees, endorsements and moratoriums, ”the document states.

In addition, the Stability Program includes the pension reform, the territorial financing reform, the labor reform and other measures that it projects, although it does not include details of the same. He also reviews that he has convened a group of experts for the tax reform, noting that he foresees that the tax pressure will fall from 37.5% of GDP, to 36.6% this year, 35.7% and 35.6

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