The president of the Government, Pedro Sanchezannounced this Thursday that Spain is going to promote in the European Union a new round of Next Generation EU European funds beyond 2026. That is the date by which countries must have completed all the investments and reforms linked to this investment program. 750,000 million euros in grants and loans throughout the EU. “We are going to fight so that the European funds have a second edition starting in 2026,” said Pedro Sánchez in his closing speech at the 14th edition of the ‘Spain Investors Day’ forumin Madrid.
Spain is the recipient of 166,300 million from this European program, which is divided between 82,300 million in subsidies and another 84,000 million in loans. The subsidizes should serve to cover investments or reform programs that must be completed in their entirety before the end of 2026. For their part, the loans They must be assigned to investment projects before that date, even if their execution ends later.
Appealing to “a second edition” of European funds, as President Sánchez has done, is equivalent to fighting for a new round of joint debt issuance in Europe to continue promoting strategic investments for the EU, currently focused on the double green and digital transitionand in the strategic autonomy of the industry European and its energy.
“Destructive opposition”
The president has referred to the approval this Wednesday by the Congress of Deputies of two royal decree laws. One of them to extend a good part of the social shield and of the anti-inflation measures that the Government has been establishing as a result of the pandemic and the subsequent Russian invasion of Ukraine. The second of the decrees approved by Congress includes reforms, such as that of the Public Service or the tax incentives for patronage, which open the door to Spain to request the fourth payment of European funds (for 10,000 million euros). Congress, however, overturned a third decree that included lto unemployment benefit reformalso essential for full access to those 10,000 million of the fourth payment of European funds.
Sánchez has asked the parties that, like the PP, rejected the royal decrees voted in the plenary session of Congress to reconsider their strategy and abandon their “destructive opposition”, and has guaranteed them that if they do so they will have their full willingness to reach agreements. The message also seemed directed at Canwhose vote against prevented us from moving forward the unemployment benefit reform.
During his speech at the ‘Spain Investors Day’, before an audience made up of businessmen, managers, investors and financiers from a large number of countries, Sánchez presented Spain as one of the territories “with lower barriers to international investment“and has stressed, above all, its “legal security” and “social peace.” “Beyond the hoaxes and deception,” Sánchez has highlighted the “institutional strength” of Spain.
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In the same forum, the Minister of Economy, Carlos Body, stated that “more than 40% of the investment in Spain is foreign.” Corps wanted to send a message of optimism to businessmen and investors and highlighted its “determination to maintain a continuous economic policy to renew investor confidence in the Spanish economy.
Among the planned economic reforms, Sánchez cited a new planning of the electrical networkas well as a new industry law that serves to identify priority projects that can be expedited through a single window. Furthermore, Sánchez has referred to the next publication of a green paper on sustainable finance and the creation of a sustainable finance tip.