Bank of Spain favors exclusion of vulnerable groups from income agreement

General Director of Economy and Statistics of the Bank of Spain, angel falconIn the current economic situation, the most appropriate would be an income settlement in which the loss is shared among all sectors, but with the specifics of excluding the most vulnerable groups.

Gavilan has presented the annual report of bank of spain In line with 2021, this income agreement has been in favor of excluding workers, companies, public employees and pensioners who are in a more vulnerable position.

cook desirable

He assures that one income settlement will be plenty DesiredBut not with a general formula, because inflation affects very differently according to groups, and has emphasized that some companies and people should receive aid.

Gavilan stated that a company may for some time bear a margin of business loss, and workers reduce Climbing salaryBut not all in equal proportion.

During his speech he recalled that inflation It has an asymmetric effect, so it has been lower in high-income households and thus has suffered a lower inflationary process than low-income households.