The Executive expects to approve the accounts on October 25, taking into account the revision of the macroeconomic scenario for the second quarter. The aim is to promote economic recovery with public accounts, but Azpiazu does not forget inflation.
Euskaraz irakurri: Jaurlaritzak “egonkortasuna eta iraunkortasuna” zaindu beharko dituzten aurrekontuen gidalerroak onartu ditu
The Basque government has guidelines that will guide budgets for 2023which will be aimed at Economic recoveryalthough he has warned that the final preparation will take into account the “macroeconomic scenario review” for the second quarter, which will be announced at the end of September.
The Executive expects to approve its budgets on: October 25 and to be handed over to the Basque Parliament on the 28th.
As explained by the Minister of Economy and Finance, Pedro AzpiazúThe Executive’s goal is that public accounts remain the “engine of long-term investment and growth”.
Budgets are based on: four axes: the “challenge” of climate change, making a “qualitative and quantitative leap” in digitalisation, a more “fair, just and supportive” society and fiscal stability. In addition, they take into account gender perspective
In his speech after the Board of Directors, Azpiazu emphasized the importance of: maintaining “fiscal stability and financial sustainability”because it ensures that they will be needed again “in the near future”.
“It is not advisable to use increases in government revenues, nor the potential for debt, which are temporary in nature and related to economic growth, to increase current government spending of a structural nature,” defended Azpiazu, who also be on the inflation as responsible for the higher income of the haciendas.
Despite the lack of “lots of data” to detail the final numbers, as the downward forecast for global economic growth coincides so much with “good macroeconomic data” in Euskadi, Azpiazu has assured that, in any event, budgets will be expansive as the economy will grow significantly, “in real terms and more in nominal terms.”
Counsel has announced that the executive is working with the forecast that the Basque Autonomous Community will grow by 4.5% in 2022 and 4.1% in 2023, and that the unemployment rate will be reduced to 9.1% next year, but the context is one of “great uncertainty”, so this moderation in growth will be reviewed in the second quarter of this year and the new scenario will be taken into account in the final preparation of the accounts.
“It takes a scenario with a higher dose of certainty to build budgets with more solid data,” explains Azpiazu.
The counselor has also warned that funds coming from outside the CAV, if they are only for fiscal year 2023, cannot be used for current expenses that are extended over time, as “that money would not arrive and the costs would be incurred.”
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Source: EITB
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.
