The organization’s president speaks of “remarkable shortcomings” in the general budgets and warns that it lacks information on more than 1,200 million, which is why they were hesitant to grant their approval
The tax authority does not receive the bills with which the government has proposed its 2023 general budget project. The Airef’s president, Cristina Herrero, accused her of making predictions in terms of “unrealistic” for this year’s revenue estimates during her appearance in Congress. For Herrero, the government’s decision to underestimate revenue in order to have a wider margin later – which the Treasury Secretary himself has acknowledged on several occasions – is “not a prudence”, but rather presents an unrealistic economic scenario.
According to their accounts, the economic growth forecast for next year remains at 1.5%, compared to the 2.1% proposed by the Executive, mainly due to the composition of the external balance and the dynamics of investment, taking into account that the geopolitical situation and energy prices “are not the most favorable conditions for companies to increase their production quality.”
For that reason, he regretted that the recently presented accounts do not include the measures planned to alleviate the inflation crisis this week – of more than €3,000 million – by an amount so significant that it “distorts the quality of the budget” . In addition, he confessed that they also do not know whether these measures “will be extended or whether there will be new ones” that have not yet been announced. In addition, according to his predictions, without support measures, inflation could exceed 5% next year, Herrero warned, for which he deemed it “reasonable” that this anti-crisis plan will remain in effect in 2023.
He points out that the government does not expect that the circumstances leading to the measures taken will change in 2022 and that measures that were not included in the budgets were announced just one week after the presentation of these accounts. The budget plan has two scenarios, one with measures to address the crisis created by the war in Ukraine and one without these measures, for which Herrero spoke of “deficiencies in the information quality” of the budgets.
This lack of information in terms of national accounts was calculated to be more than 1,200 million euros, for which the agency began to doubt whether it would give its approval to the General Budgets. Herrero acknowledged that a “deep discussion” had arisen in the body about what to do and criticized that the bills contained “neither in terms of adjustments nor in the implementation of the recovery plan”.
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
