Calviño highlights the prudence of the PGE in a context of high uncertainty


The First Vice President and Minister of Economic Affairs and Digital Transformation, Nadia Calvinohas defended that, in a context marked by high uncertainty, the Executive has prepared a General State Budget (PGE) for 2023 “particularly prudent”with a “low” revenue forecast and with Room for maneuver to respond to any scenario that may arise from the war in Ukraine, while influencing the path of stability and fiscal consolidation.

“Having General State Budgets approved in due time and form –approved and validated by the European Commission– is a very valuable intangible in economic policy“, the first vice president insisted during the debate on the opinion of the General State Budget Bill for the year 2023, held this Wednesday in the Congress of Deputies.

The head of the Government’s Economy has emphasized that in these such troubled times At a global level, marked by war, geopolitical tensions, turbulence in the energy and raw materials markets, the change of direction in monetary policy and high uncertainty, it is “more important than ever” to have budgets approved in a timely manner .

“They send a clear message that give certainty to investors international organizations, our partners, international organisations, companies and the general public”, underlined the first vice-president.

The vice president has remarked that these budgets are essential to be able to continue deploying the investments of the Recovery Plan financed with European funds Next Generation EU and strengthen the welfare state. In addition, it has ensured that they allow us to continue on the path of fiscal responsibility, this being compatible with the economic growth and job creation that has been registered.

And it is that the economic manager of the Government has assured that Spain is at this moment a benchmark of stability and confidence in Europe, “very important values ​​in these times”. In this context, she has pointed out that all the estimates all the organisms agree on the strong growth of the Spanish economy driven by the extraordinary behavior of the labor market, the good performance of the foreign sector and the dynamism of investment.

Support for digitization is multiplied by seven

In the area of ​​his powers, that of digital transformation, Calviño recalled that his roadmap is included in the ‘Digital Spain Agenda‘, adopted in 2020 and updated in July of this year 2022, which has been definitively promoted thanks to the European Next Generation funds.

In total, the vice president has highlighted that the investment of the General State Budgets in digitization in the period 2021-2023 multiplies by seven the investment made in 2018-2020. In this sense, he has stated that the main investment programs have already been launched and has valued the Perte (Strategic Projects for Economic Recovery and Transformation) related to digitization.

After breaking down some of the most important items included in the Budget, the Government’s economic manager has highlighted that the actions promoted so far have allowed, among other things, that Ultra-fast broadband is reaching more than 7,100 municipalities throughout Spain and provide more than 52,000 SMEs with digital solutions and tools thanks to the ‘digital kit’ program.


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