The Bank of Spain corrects the Government: the tax on energy companies will collect half of what was promised

The tax on electric companies that the Government has approved will collect less than what the Treasury foresees.

Substantially less, according to the estimates of the Bank of Spain, which corrects the figures of the Ministry of María Jesús Montero: they

, which means a total of 2,000 million for the two years in which, in principle, figure will be valid.

That is,

by the Executive.

The agency has introduced an additional note in the speech that Governor Pablo Hernández de Cos delivered last Tuesday in the Senate, which thus reads as follows: "Temporary liens on certain credit institutions and companies in the energy sector" it is estimated that "they

".

"This figure", continues the Bank of Spain, "is lower than that initially estimated by the Government", which was 3,500 million.

The reason: the incorporation, during the processing in Congress, "of an amendment to the tax on companies in the energy sector, which excludes regulated market activities from it."

"We estimate that this could

[from 2,000 to 1,000 million euros per year]," concludes the BdE.

This means that the total potential collector will not be 7,000 million but 5,000.

And this reduction, in addition, far exceeds that of the Treasury, which through Minister Montero

the impact of the aforementioned amendment at barely 250 million per year.

central balance sheet

The body has also published this Friday its central balance sheet, a document in which it analyzes the economic and financial evolution of Spanish companies in 2021 and 2022. Among the conclusions provided, the BdE notes that "in 2021 there was a notable recovery of the economic and financial situation of most companies, partially reversing the deterioration of the previous year associated with the COVID-19 crisis".

In addition, "during the first three quarters of 2022, corporate profits for the whole of this sample continued to grow at a high rate", but "the data referring exclusively to the third quarter show a loss of dynamism in corporate profits as a reflection of the

."

Likewise, during the presentation of the document, the general director of Economy and Statistics of the Bank of Spain, Ángel Gavilán, explained that the companies have not transferred all the increase in costs to the sales prices of their products and services in the aggregate. first nine months of 2022, although it is a situation with "much heterogeneity" between sectors, reports Europa Press.

According to the criteria of The Trust Project

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