Azpiazu ensures that the CAV’s public accounts will be able to support the needs of citizens

Pedro AzpiazúMinister of Economy and Finance of the Basque Government, has assured that the public accounts of the Basque Autonomous Community will be able to “meet the needs of the Basque Country” and also have a “large liquidity cushion”, for which he has requested”Take it easy“Given the current economic situation.

In the plenary audit session in the Basque parliament, on a question from the PNV parliamentarian Itxaso BerrojalbizAzpiazu has defended the “solid” socio-economic indicators of the Basque economy, explaining that the price increase is expected to be “more significant” in the first half of the year, and then there will be a “moderation“as long as the normality of the offer is established.

‘High inflation is’ precisely ‘one of the hallmarks of the current situation’, in which ‘prices are rising rapidly and intensely’. However, the lowering of the forecast of economic recovery recently made by the executive is not just a response to the war in Ukraine, but was earlier and is due to “the lack of supplies and the lower dynamism in the economic engine of Europe”, referring to Germany.

In spite of everything, counsel believes that the target of contributions in this year’s budgets is “very achievable” as “the new macroeconomic scenario maintains the high forecast of nominal GDP”, at 8.8%.

Finally, Azpiazu has defended the economic situation of the CAV compared to that of Spain, with “exceptional liquidity and access to external financing”, as confirmed by the rating agencies. “Our economy enjoys stronger economic indicators than the state average“, assures the lawyer, who has again asked for “quiet”.