Montero assures that the Canarian tourism sector will benefit from ERTE extension

2020/09/23 16:22:22 Written by Canarian Weekly Business

The Minister of Finance for Spain, María Jesús Montero, has guaranteed this Wednesday to that the Canary Islands tourism sector will benefit from the extension of the ERTEs linked to Covid-19 and that it is being negotiated within the framework of the agreement.

"Don’t worry, this week we will close the negotiations, we are convinced that there will be an agreement and, that the tourism sector will benefit," Montero told the deputy of Nueva Canarias, Pedro Quevedo, who has demanded measures specifically for this autonomous community.

The minister has indicated that employers associations, unions, and the Government are discussing "other details" that will affect the conditions of the extension of the ERTE, but that the tourism sector will benefit, and "this week" there will be a final agreement.

"We know the dependence of the Canary Islands on tourism and how it is impacting the GDP," said the minister who has guaranteed that the Executive will comply with the pacts that they closed to make possible the investiture of the Prime Minister, Pedro Sánchez.

Quevedo has continually urged the Government to extend the ERTE in the Canary Islands, to implement the singular tourism plan that was recently approved in Congress, and to attend to the financing of this year without taking into account the negative economic cycle, so as not to lose up to 600 million euros. He has also demanded the urgent transfer of the 500 million euros that the State has owed the Canary Islands since 2018, for breach of road agreements.

Montero also said today that the payments on account to the autonomous communities for 2021 must be calculated based on the economic projections for that year, and "unfortunately" they will not have the delay "of 2020, which were given with a forecast of higher collection. But that does not mean that, either through payment on account or through the ability to increase the deficit, the autonomous communities must have sufficient resources for a year that will be hard in health and school terms." ​​

Finally, Montero added that the intention is to convene with the CPFF on dates "close" to the presentation of the spending ceiling in Congress, and recalled that the payments on account for 2020 were based on the collection forecast before the pandemic.