Spain is one of the least efficient developed economies with its public spending.

So much so that, according to a study by the Institute of Economic Studies (IEE), the country "could reduce its public spending by 14% and continue to offer the same level of public services if it managed to improve its efficiency to levels similar to those of the average of the OECD".

Or put another way: "

This would mean a saving of resources of the order of 60,000 million euros

".

This is stated in the document

For an improvement in the efficiency of public spending in Spain

that the CEOE think tank has presented today, and that is based on an index that the IEE itself has prepared.

"Spain obtains a score of 74.4 and is in position 29, in the lower-middle area of ​​the table. In this way,

our country is clearly below

the EU average (which obtains a score of 98.6) and also far from the OECD average of 100", the document points out.

"Spain only obtains a better position than other countries in relation to some of Eastern Europe (such as

Hungary

,

Slovakia

and

Poland

), other Mediterranean countries (such as

Italy

,

Greece

or

Turkey

) and

Mexico

and

Colombia

in the American continent", adds the document presented by Íñigo Fernández de Mesa and Gregorio Izquierdo, president and general director of the IEE, respectively.

"This is not the time to raise taxes"

In this context, Fernández de Mesa and Izquierda have pointed out that the White Paper for tax reform, which Montero's experts presented last week, is "

a lost opportunity

" to analyze this lack of efficiency in depth.

"The Committee of Experts itself points out that, regardless of the fiscal consolidation model chosen, improving efficiency must also be an important objective in the medium term for all levels of the Public Administration in Spain.

But not For its part, no deeper analysis is detailed, nor any additional information

on this important issue", they expose from the IEE.

Likewise, Fernández de Mesa has stressed that "this is not the time to carry out a tax increase" as proposed in the white paper of the experts for tax reform.

"The mere announcement of tax increases

generates uncertainty in companies

and a deterioration in business confidence," he warned, according to EFE, while insisting on promoting tax cuts in the current context of rising costs so as not to slow down economic recovery.

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