The Secretary of State for the Treasury will leave office after less than six months in the post

The current Secretary of State for the Treasury, Héctor Izquierdo, is going to leave the post for which he was appointed less than six months ago, last January, as government sources confirm to

Izquierdo, according to the same sources, is going to leave his post to face a new public responsibility related to the island of La Palma, where he is from. He is going to do it after a very brief stage in that key secretariat of the department headed by María Jesús Montero.

The still Secretary of State of the Ministry of Finance was appointed to his current position on January 12, replacing Inés Bardón. She, the latter, had held the position since June 2018. Bardón left her position at her own request a few weeks before the presentation of the White Paper for Tax Reform commissioned to adapt Spanish taxation to the 21st century.

In his brief mandate, Izquierdo has had this report from the experts on the table, although many of the document's proposals have been shelved in the face of the inflationary shock caused by the war in Ukraine.

Izquierdo, as Secretary of State, is by reason of his position the president of the State Tax Administration Agency (AEAT) and a member of the Delegate Commission for Economic Affairs, as well as the director of the state holding company SEPI (State Society of Industrial Participations) and of the bank rescue fund (FROB).

Some sources point to the current president of the AEAT, Jesús Gascón, as a possible substitute for Izquierdo in the Secretary of State for Finance.

Before his appointment, the 48-year-old Secretary of State for Finance was executive president of the State Mercantile Society for Property Management (SEGIPSA) of the Ministry of Finance. And in 2019 he stood for election to the Congress of Deputies as an independent on the PSOE lists representing the province of Santa Cruz de Tenerife.

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