Confebask’s general manager hopes that political parties will tackle tax reforms after the elections to the Basque Parliament. In this sense, the country is aiming for an increase in GDP and not an increase in the tax burden.
OA | EITB media
Confebask predicts “weak” growth in the Basque economy for 2024 through June, giving way to a greater “acceleration” in the second half of the year. Therefore, Confebask’s general manager, Eduardo Aretxaga, maintains the economic prospects foreseen by President Tamara Yague at the end of last year.
In an interview for the ‘Boulevard’ program on Radio Euskadi, Aretxaga pointed out that if there were finally an easing of monetary policy, as the European Central Bank had expected, there could also be a greater ‘reactivation of investments’.
Therefore, “in 2024, if everything continues as planned, the second semester will be better than the first,” he emphasized.
On the other hand, Aretxaga believes there is a new one Tax reform in Euskadi, which he believes the political parties will discuss after the elections for the Basque parliament. In this context, he believes it is time to ‘be creative’, encourage ‘more investment’ and ‘use taxes not just to collect, but also to grow and compete’. Similarly, the country aims to increase GDP and not increase tax burden.
Source: EITB
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