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The Government will allocate 2,230 million to commerce, tourism and SMEs, 150% more

Government will allocate 2,230 million euros in 2021 to Trade, Tourism and SME policies of euros. This allocation represents an increase of 150% with respect to the previous accounts, according to the draft of the General State Budgets for 2021 of the Executive.

Of the total allocated in 2021 for these policies, 1,627 million belong to the non-financial budget and 603 million to the financial one. In addition, this figure 1,289 million euros correspond to actions financed through the Recovery and Resilience Mechanism of the European Union.

Specifically 1.3 billion euros will be allocated to the tourism sector, one of the most affected by the pandemic, 1,057 million of them will be financed by the aforementioned Recovery Mechanism.

This sector He has been demanding more aid from the Government for months to be able to weather the crisis derived from the pandemic. The confinements and restrictions on mobility resulting from the health crisis have led to an unprecedented drop in activity. This sector is the oil of Spain, it represents 12% of GDP and 13% of employment.


For this year, revenue losses of more than 106,000 million euros are calculated. This figure is half of the fall in GDP that the Bank of Spain forecasts for Spain in 2020. In July the Government approved a rescue plan for the sector that was endowed with 4,262 million euros

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