Spain can lose 26,000 million of European funds, according to the Chamber

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The Barcelona Chamber of Commerce yesterday warned the Government that Spain could lose 25,952 million of the European funds already allocated due to the delay in the execution of the projects. Without these funds, "the Spanish and Catalan economies would lose the opportunity to execute the non-refundable resources that the EU has made available to them." For this reason, the Chamber urges the Government to accelerate direct transfers so that in 2023 the objective of reaching 69,000 million can be achieved. Of that figure, the State could still request and receive 25,952 million already allocated. It does not refer to the execution of projects, but to the allocation of resources for a specific project or a transfer to an autonomous community or a municipality. It is then the communities or municipalities that tender and execute the projects.

That is one of the main conclusions of the monograph. Next Generation EU Fund: implementation and evaluation that analyzes the evolution in the use of funds by the State and the Generalitat. read also Dolores Alvarez “The pace Job Function Email Database of mobilization of funds by the State is not as desired,” says the institution directed by Mònica Roca. “It is worrying that the funds realized (recognized obligations) by the State in 2022 were lower than those of 2021 and only 69% of the budgeted credit was fulfilled,” she adds. On the other hand, it is confirmed that the rate of mobilization of funds until April 2023 is similar to that of last year, although the planned budget that should be executed this year is 24% higher. More than a third of funds from Europe are transferred to communities.



This has an added problem: “resources from Europe must exceed at least three levels of decision and management, which makes it difficult for them to reach the real economy,” warns the Chamber. The institution points out the low level of realization of the funds allocated by the Ministry of Industry Among the causes of low utilization, the Chamber highlights the slow execution of the Perte and the low degree of realization of the funds allocated by the Ministry of Industry. The Perte, which concentrate a very relevant part of the funds, are still in an initial phase and their level of execution is very low. At the end of 2022, only calls had been resolved for an amount equivalent to 29% of the funds to be allocated before December.