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    Published on Monday, February 19, 2024

    Spain | Reducing the cost of bureaucratic procedures

    Summary

    There is tension in the public administration between how easy and fast public funds can reach businesses and families and the need to check that the funds will be used for the intended purpose. This causes delays in awarding subsidies and projects.

    Key points

    • Key points:
    • The situation is becoming even more problematic as ex-ante oversight is apparently one reason hindering NGEU funds from trickling down to the wider economy.
    • Steps need to be taken to speed up delivery of the funds both to sustain investment amid uncertainty and transform the economy over the medium term.
    • Reform of public administrations must include assessment of where and how these processes can be streamlined without putting citizens in danger or providing incentives to misuse the funds.
    • There need to be ways for the private sector to access these funds more easily. One would be to trust more citizens and businesses in administrative procedures.

    Geographies

    Topics

    Authors

    Miguel Cardoso BBVA Research - Chief Economist

    Documents and files

    Press article (PDF)

    Miguel_Cardoso_Reducir_el_coste_de_los_tramites_Expansion_WB.pdf

    Spanish - February 19, 2024

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