Presentamos en este post los avances más relevantes respecto a la muy esperada implementación del Plan español de Recuperación, Transformación y Resiliencia, como parte de la respuesta europea a la crisis a través de los cuantiosos fondos europeos de recuperación. Analizamos particularmente las oportunidades que pueden presentarse desde la perspectiva empresarial. La última información oficial disponible permite hacerse una mejor idea de la tipología de proyectos que se van a financiar y los potenciales beneficiarios.
The commercial debt of the Public Administrations vis-à-vis the private sector grew up to 83,356 million euros in 2020, the highest level in the last nine years. In order to avoid that the imbalance in public accounts leads, once again, to become an aggravating factor for the strangulation of liquidity and business solvency, weakened after months of activity paralysis, it is relevant to analyze the situation of pending obligations payment of the Administration against the private sector. Given the current imbalance in public accounts, which will be extended in the coming years, it is necessary to demand payment of invoices from suppliers in a timely manner.
In terms of tax control, administrative criteria sometimes deviate from common sense, generating conflict with the taxpayer, as happens in the context of company-partner audits, where the Administration avoids the application of settlement solutions provided for in the tax law itself. Only by abiding by the principle of good administration and the use of conciliation techniques, often offered by the law itself, progress can be made towards a correct legal-tax relationship, also in I win, You win scenarios.
The recently approved new line of direct, non-reimbursable financial assistance to companies and the self-employed affected by the crisis has an endowment of 7 billion euros. However, the availability of this aid only for certain sectors and the absence of clear and adequate eligibility criteria for them, have led to a significant number of companies being excluded from it. Within its parliamentary procedure framework, there is still room to seek to extend support to all sectors and companies that have also been affected by the crisis.
In recent weeks we have been observing an apparently contradictory behaviour of the financial system, in which increases in the stock price concur with main banking entities restructuring processes. But if we analyze it in depth, we will conclude that both processes are closely linked. It is precisely the strategic decisions taken by Spanish banks, of consolidation, cost savings and investment in digitalization, which the market is evaluating positively. Only this way this long period of deterioration in the financial margin can be overcome, pending a recovery in rates and in demand for credit that is not yet in sight on the economic horizon.