The government will approve a loan outstanding of 11,000 million to create 300,000 jobs
| Date: November 27, 2008 | Source: Europa Press |
| Category: Economy | |
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Loading ... The Prime Minister Jose Luis Rodriguez Zapatero, announced today that the Cabinet approved tomorrow an extraordinary credit of EUR 11,000 million by the 2008 Budget to create 300,000 jobs in different sectors.
Zapatero, who appeared in the House of Congress to introduce this new package focusing on public investment, said that 8,000 million is for the creation of a special fund public investment in the local area for the implementation of new work planning and is administered by the Ministry of Public Administration. According to government estimates, this fund would create about 200,000 jobs in 2009.
Also, implement a comprehensive plan to deal with Automotive regions and social partners with short and long term. First, try to avoid job losses by reducing employment costs and, secondly, ensuring the competitiveness of the sector to recover as soon as possible its activity.
In figures, special credit will be allocated 800 million euros for this plan for the recovery of the automotive sector, which will add 600 million for environmental activities, 500 million for R & D, 400 million for rehabilitation of homes -barracks and police stations, 120 million for housing rehabilitation, $ 30 million to encourage tourism and, finally, 400 million for transfer to the regions to dependence.
