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The Government today approves aid of 7,000 million to SMEs and the self-employed

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The decree of aid to SMEs and the self-employed, which will be approved this Friday by the Council of Ministers, will be endowed with 11,000 million euros, as announced a few weeks ago by President Pedro Sánchez. As El País has advanced, 7,000 million will be for direct aid to SMEs and the self-employed, which represents a victory for the thesis of United We Can against the intention of the Minister of Economy, Nadia Calviño, initially in favor of giving only 2,000 million aid.

After a week of intense negotiations within the coalition, the Government will finally approve on Friday an ambitious package of aid to companies that includes a fund of 7,000 million euros for direct transfers. The bulk of the aid package, which amounts to 11,000 million euros, will be channeled through direct aid, although they will be finalists.

The final outline includes three funds: a loan restructuring fund endorsed by the ICO, which will be managed by the banks, and will be endowed with 3,000 million; a second fund for recapitalization of medium-sized companies for an amount of 1,000 million that will be injected through the state public company Cofides, and the third, the most controversial, which will finally be endowed with 7,000 million euros to give aid to SMEs and the self-employed affected by the crisis associated with Covid.

The numbers are very close to the demand that Unidos Podemos made to the Ministry of Economy in which it demanded that direct aid reach 8,000 million euros, so that will have the approval of the training led by Pablo Iglesias.

Will be finally the autonomous communities who manage that money, one of the most controversial decisions of that plan. The Ministries of Economy and Finance insisted that they be autonomous governments, compared to another part of the Government that preferred the Tax Agency to be. Finally, the Treasury will exercise control over these aid.

"THE AID DECREE IS FINISHED"

The Government spokesperson and Minister of Finance, María Jesús Montero, assured this Thursday that everything is "organized and finished" for to approve tomorrow in an extraordinary Council of Ministers the decree law on the aid package of 11,000 million intended for companies, after not being able to give you a 'green light' on Tuesday by the need to finalize "technical questions".

The idea of ​​the Government is that said aid can arrive in the "shortest period of time"Although the head of the Treasury has admitted that talking about "days" would be "very risky", because a job of legal guarantees is needed to ensure that "the money arrives and is used for the purposes that are planned."

The minister has once again denied "discrepancies" within the Executive about the plan, denying that for this reason the approval of the decree has been postponed, after Pablo Echenique will claim to be unaware why direct aids have been blocked.

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