Sareb has provided 23,250M to GDP

Sareb has provided 23,250M to GDP

 

Of these, 5,392 million correspond to the direct, indirect and induced economic contribution to the national wealth. To these are added the €12,876 million of debt that Sareb will have amortized at the end of its fifth year of life, 25.3% of the total.

In this regard, the report includes the €4,193 million that the company has paid as interest associated with the debt issued. This amount includes €2,779 million that have been paid directly to the nine financial entities that received public assistance and sold their assets to Sareb.

The provision of Sareb to the economy is completed with €787 million in taxes that the company has entered into the public purse, and that makes it one of the largest contributors by real estate. The bulk of the amount dedicated to the payment of taxes corresponded to non-deductible VAT (47%) and Property Tax (IBI) and other taxes (45%), while the rest was allocated to personal income tax withholdings (5%) and Social Security contributions (3%).

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