Acting President of the Government chairs meeting of Delegate Commission of the Government for Economic Affairs

Moncloa Palace, Madrid

The acting President of the Government, Mariano Rajoy, chaired the meeting of the Delegate Commission of the Government for Economic Affairs this morning at the Moncloa Palace Complex, which studied solutions to various pressing matters regarding the Spanish economy within the framework of operating as a caretaker government for nine months. The aim is to implement economic policy actions and proposals, within the limited capacity of a caretaker government, to prevent the current institutional impasse from prejudicing economic stakeholders and sectors.

Hence, the Regional Liquidity Fund for the fourth quarter of 2016 was distributed today for the payment of debt maturities held by the regional governments and their public deficit. This decision will improve payment periods to government authority suppliers.

Study of regulatory changes for adapting public deficit trends.

The commission also studied the regulatory changes necessary for adapting trends in the public deficit of the various government authorities to the new path agreed with the European Union and compliance with the deficit reduction commitments agreed with Brussels. These regulatory changes are being agreed with all parliamentary groups given their importance and the need for swift approval.

Similarly, approval was given to various actions in support of export companies, especially an increase to the line of credit for SMEs in the process of internationalisation. This line was created in 2012 at the peak of the Eurozone debt crisis and has proven successful in supporting investments and exports by SMEs, meaning it will be given more resources and greater capacity to act.