“X million euros” and the misunderstanding with the Resolution Fund. The Budget Towers 2021 – Economy



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“X” marks the jackdaw

Instead of the value in question, in three situations the government proposal report simply displays an “X”.

On page 144 it can be read that in the context of the decentralization process it is planned to “transfer a value of more than X million euros to finance the powers of the direct and indirect administration of the State, which are now guaranteed by the local administration in areas of education, health, culture and social action, with all the sector diplomas already published ”.

Earlier, in the chapter on municipalities, two other similar towers. “The Government proposes to increase the value of
X% transfers to local administrations compared to the previous year, for a total of X million euros ”, the proposal advances.

In the case of Health, the Government writes that “in 2021, the NHS budget allocation will increase by approximately X million euros compared to the previous budget”, although in other parts of the Budget it is clear that “the NHS budget will be increases around 200 million euros in 2021 ”.

The newspaper ‘Público’ writes that the missing amount is 467.8 million euros.

Proposal OE2021 delivered this Monday

“data-title =” “X million euros” and the misunderstanding with the Resolution Fund. 2021 Budget Towers – SAPO 24 “>

Proposal OE2021 delivered this Monday

The table with the transfers from the OE to the SNS is also blank, which appears to be still “in preparation”.

To the ‘Public’ the Ministry of Finance says that it is “a period that will be corrected.” “A sheet of the report was not filled out,” he responded to the cabinet’s source publication.

The Resolution Fund, which is not

The report that accompanies the budget proposal, delivered Monday night to the Assembly of the Republic, provides for a “medium / long-term loan” to the Resolution Fund of 468.6 million euros.

However, the ministry corrected this morning, not entirely.

“In 2021, and unlike the State Budgets approved in previous years, the State Budget does not foresee any loan to the Resolution Fund. Therefore, the OE2021 report, now delivered to the Assembly of the Republic, erroneously identifies a loan 468.6 million euros to the Resolution Fund. It is a loan of 468.6 million euros to CP-Comboios de Portugal “, reads the brief statement released by the office headed by João Leão.

Proposal OE2021 delivered this Monday

“data-title =” “X million euros” and the misunderstanding with the Resolution Fund. 2021 Budget Towers – SAPO 24 “>

Proposal OE2021 delivered this Monday

In recent years, the public treasury has lent money to the Bank Resolution Fund (which has around 30 years to return) to recapitalize Novo Banco, fulfilling the agreement when the Novo Banco was sold to the North American investment fund Lone. Star (in 2017).

The injection of capital in Novo Banco was one of the ‘hot’ topics in the negotiations of the 2021 State Budget (OE2021), after the “red line” placed by the Left Bloc, and the Government (through the Secretariat two weeks ago) Parliamentary Affairs, Duarte Cordeiro) assumed “the commitment to try not to consider any public loan from the State to the Resolution Fund in 2021.”

Therefore, this Monday, the budget proposal delivered to parliament caused perplexity by registering the value of 468.6 million euros for the Resolution Fund.

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