Urgent.News

What's breaking now, across thousands of outlets.

Business

The absence of General State Budgets punishes investment in infrastructures

Former President and lawyer of the Court of Auditors María José de la Fuente states that the three extensions in the PGE have prevented an increase in funds to reform and maintain infrastructures.

Translated from Spanish Read in Spanish

The absence of General State Budgets punishes investment in infrastructures

María José de la Fuente, former president and lawyer of the Tribunal de Cuentas, stated that the three extensions of the General State Budgets (PGE) have prevented an increase in funds for infrastructure reform and maintenance. The lack of new PGEs, with the government continuing to use the 2023 budgets, has led to over 330,000 million euros being restructured through transfers between ministries and credit transfers.

This has resulted in a lack of investment in new initiatives and infrastructure projects, with De la Fuente citing the inability to absorb increased demands due to population growth of at least 400,000 people. The issue has been highlighted as crucial for reinforcing planning and advancing towards a realistic fiscal strategy.

Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at expansion.com →

More in Business

More from Friday 30 October →