José Luis Escrivá

{{short description|Spanish economist}}

{{family name hatnote|Escrivá|Belmonte|lang=Spanish}}

{{Infobox officeholder

| honorific-prefix = The Most Excellent

| name = José Luis Escrivá

| image = José Luis Escrivá 2023 (cropped).jpg

| office = 71st Governor of the Bank of Spain

| term_start = 6 September 2024

| term_end =

| predecessor = Pablo Hernández de Cos

| successor =

| office2 = Minister for Digital Transformation and Civil Service{{efn|Minister of Digital Transformation until December 2023}}

| primeminister2 = Pedro Sánchez

| term_start2 = 21 November 2023

| term_end2 = 6 September 2024

| predecessor2 = Nadia Calviño
(Digital Transformation)
María Jesús Montero (Civil Service)

| successor2 = Óscar López Águeda

| office3 = Minister of Inclusion, Social Security and Migration

| primeminister3 = Pedro Sánchez

| term_start3 = 13 January 2020

| term_end3 = 21 November 2023

| predecessor3 = Magdalena Valerio
(Labour, Migration and Social Security)

| successor3 = Elma Saiz

| office4 = Chairman of the Independent Authority for Fiscal Responsibility

| monarch4 = Felipe VI

| primeminister4 = Mariano Rajoy (2014–2018)
Pedro Sánchez (2018–2020)

| term_start4 = 22 February 2014

| term_end4 = 13 January 2020

| predecessor4 = Office established

| successor4 = Cristina Herrero

| office5 = Chairman of the EU Independent Fiscal Institutions Network

| term_start5 = 24 September 2015

| term_end5 = 7 November 2019

| predecessor5 = Office established

| successor5 = Seamus Coffey

| birth_name = José Luis Escrivá Belmonte

| birth_date = {{birth date and age|1960|5|12|df=y}}

| birth_place = Albacete, Spain

| death_date =

| death_place =

| party = Independent

| education =

| caption = Official portrait, 2023

| occupation = EconomistPolitician

| spouse = María del Carmen García de la Osa

| children = 2

| alma_mater = Complutense University of Madrid

| awards = Bachelor's Degree Extraordinary Award

}}

José Luis Escrivá Belmonte ({{IPA|es|xoseˈlwis eskɾiˈβa|pron}}; born 5 December 1960) is a Spanish economist currently serving as governor of the Bank of Spain since 2024. Previously, he served as minister of Digital Transformation and Civil Service and as minister of Inclusion, Social Security and Migration, both under Pedro Sánchez.

Before entering in politics, Escrivá had important roles in the Spanish and European fiscal oversight bodies, such as Spain's Independent Authority for Fiscal Responsibility (2014–2020) and the European Union Independent Fiscal Institutions Network (2015–2019). Likewise, he has served as Head of the Monetary Policy Division of the European Central Bank (1999–2004) and as Chief Representative for the Americas at the Basel-based Bank for International Settlements (2012–2014).

In the private sector, Escrivá worked from 2004 to 2012 at the BBVA banking group, first as its global Chief-Economist and Director of the Research Department, and from 2010 as the Managing Director responsible for Global Public Finance.

Early years and education

Escrivá was born in Albacete, Spain on December 5, 1960. At the age of 18 he moved to the city of Madrid to continue his university education. He graduated in Economic Sciences by the Complutense University of Madrid and it was awarded with the Extraordinary Prize of Degree.{{Cite web|url=https://www.eldiario.es/economia/Escriva-ministro-Seguridad-Inclusion-Migraciones_0_983052315.html|title=José Luis Escrivá, nuevo ministro de Seguridad Social, Inclusión y Migraciones|website=eldiario.es|date=10 January 2020 |language=es|access-date=2020-01-10}} He's married and has two children.

= Career as an economist =

He started his career in the Bank of Spain, where he served in many positions within the Bank's Studies Services. He activately participated in the European Union, where he participated in the monetary union since 1993 as advisor of the European Monetary Institute. With the creation of the Monetary Union, he was appointed as Head of the Monetary Policy Division of the European Central Bank, in Frankfurt. Between 2012 and 2014 he was Chief Representative for the Americas in the Bank for International Settlements

Between 2004 and 2012, Escrivá worked in the BBVA Group, first as chief economist and Director of the Research Department and as Managing Director of the Public Finance Area later.

= Chairman of AIReF and EU IFIs =

File:La alcaldesa ha mantenido una reunión de trabajo con el presidente de la AIREF 04.jpg, Manuela Carmena, in his time as chair of AIReF]]

In early 2014, the conservative government of Mariano Rajoy nominated him as the first chairman of the Independent Authority for Fiscal Responsibility (AIReF) of Spain. The Finance Committee of the Congress of Deputies confirmed his appointment in February 2014.{{Cite news|last=Economía|first=E. F. E.|url=https://elpais.com/economia/2014/02/20/agencias/1392899264_609364.html|title=El Congreso aprueba nombrar a Escrivá presidente de la Autoridad Fiscal|date=2014-02-20|work=El País|access-date=2020-01-10|issn=1134-6582}} The AIReF was created that year by the Spanish government at the behest of the European Union for the audit of public accounts. He remained in post until January 2020, when he was appointed as minister.

In November 2015 he was appointed as the first chair of the EU Independent Fiscal Institutions Network,{{Cite web|url=https://www.elconfidencial.com/economia/2015-09-24/jose-luis-escriva-nuevo-responsable-de-la-autoridad-fiscal-europea_1035673/|title=José Luis Escrivá nuevo responsable de la autoridad fiscal europea|date=2015-09-24|website=El Confidencial|language=es|access-date=2020-01-10}} a newly created institution to exchange views, expertise and pool resources in areas of common concern between all the independent fiscal oversight bodies operating in the European Union. He was re-elected in November 2017 and ended its second term in November 2019, when the Network elected Seamus Coffey to replace him.{{Cite web|url=https://www.euifis.eu/eng/fiscal/268/new-network-leadership-takes-over|title=European Union Independent Fiscal Institutions: New Network leadership takes over|last=www.glswebdesign.com)|first=GLS WEB Design (www gls sk, www gls hu, www gls cz|website=www.euifis.eu|language=en|access-date=2020-01-16|archive-date=2020-01-16|archive-url=https://web.archive.org/web/20200116103602/https://www.euifis.eu/eng/fiscal/268/new-network-leadership-takes-over|url-status=dead}}

Spain’s government proposed Digital Transformation Minister Jose Luis Escriva as the next central bank governor, but the opposition People’s Party (PP) rejected the nomination. Economy Minister Carlos Cuerpo postponed the announcement and emphasized ongoing negotiations to reach an agreement. The acting governor, Margarita Delgado, can attend but not vote in European Central Bank meetings.{{cite news|title=Spain Government Proposes Escriva as Central Bank Chief: Pais|date=11 July 2024 |url=https://www.bnnbloomberg.ca/business/company-news/2024/07/11/spain-government-proposes-escriva-as-central-bank-chief-pais/ |archive-url=https://web.archive.org/web/20240711115232/https://www.bnnbloomberg.ca/business/company-news/2024/07/11/spain-government-proposes-escriva-as-central-bank-chief-pais/ |archive-date=11 July 2024 |access-date=13 July 2024}}

Minister of Social Security

On January 10, 2020, it was announced that he would be appointed as the first head of the Ministry of Inclusion, Social Security and Migration,{{Cite web|url=https://www.lasexta.com/noticias/nacional/escriva-belmonte-sera-ministro-seguridad-social-inclusion-migraciones-nuevo-gobierno_202001105e1863d40cf290321a98358d.html|title=Escrivá Belmonte será ministro de Seguridad Social, Inclusión y Migraciones en el nuevo Gobierno|date=2020-01-10|website=LaSexta|language=es|access-date=2020-01-10}} a newly created department that assumed the functions of the former Ministry of Labour, Migrations and Social Security in everything related to the Social Security Administration and government policies on migration and social inclusion.

He was officially appointed by King Felipe VI on January 13.{{Cite web|url=https://boe.es/buscar/doc.php?id=BOE-A-2020-416|title=Royal Decree 8/2020, of January 12, by which Government Ministers are appointed.|website=boe.es|language=es|access-date=2020-04-18}} That day, he was sworn in by the Sovereign.{{Cite news|url=https://elpais.com/elpais/2020/01/13/inenglish/1578924634_936158.html|title=Spain's new Cabinet is sworn in before King Felipe VI|date=2020-01-13|work=El País|access-date=2020-01-16|language=en|issn=1134-6582}} At the same time, he ceased as chairman of AIReF.

The minister addressed the Committee on Labour, Inclusion, Social Security and Migration of the Congress of Deputies for the first time on February 27, 2020, where he explained the general lines of his department's policy.{{Cite book|author=Congress of Deputies|url=http://www.congreso.es/public_oficiales/L14/CONG/DS/CO/DSCD-14-CO-52.PDF|title=Minutes of the Congress of Deputies - Committee on Labour, Inclusion, Social Security and Migration|year=2020|location=Madrid, Spain|pages=3–7|language=es}} In his speech, he explained that the management of his department would rotate around three main areas: pensions —guaranteeing a sufficient and sustainable pension system—, inclusion policies —establishing new inclusive policies that reduce inequality, uncertainty and social exclusion— and migration —a new legal framework to order and guarantee the migrant— all of them, said the minister, seeking a broad consensus.

One of the measures that the minister proposed in said committee regarding inclusion was the design of a minimum vital income.{{Cite web|url=https://www.eleconomista.es/economia/noticias/10382826/02/20/Escriva-promete-un-ingreso-minimo-vital-para-esta-legislatura-asi-sera-la-nueva-renta-de-insercion.html|title=Escrivá promete un ingreso mínimo vital para esta legislatura: así será la nueva renta de inserción - elEconomista.es|last=elEconomista.es|website=www.eleconomista.es|date=27 February 2020 |language=es|access-date=2020-04-18}} This is, said the minister in his appearance, the most relevant policy that will be carried out by the new General Secretariat for Social Inclusion and Social Security Objectives and Policies, a department of new creation.

= Minimum Vital Income =

Due to the COVID-19 pandemic that strongly affected Spain, the works around this new vital minimum income were sped up, a measure also supported by the partner of the government coalition, Unidas Podemos. Minister Escrivá stated, in April 2020, that the last fringes were being finalized, and that the minimum income —which will be permanent— would be approved in May and would benefit approximately 3 million people.{{Cite web|url=https://cincodias.elpais.com/cincodias/2020/04/16/economia/1587020787_655557.html|title=Moncloa confirma que el ingreso mínimo vital estará listo en mayo|last=Cortés|first=Raquel Pascual|date=2020-04-16|website=Cinco Días|language=es|access-date=2020-04-18}} After a year since its approval, it has reached 210,000 houses, where 565,000 people live and where the average Minimum Living Income benefit is 458.51 euros.{{Cite web|url=https://www.noticiastrabajo.es/ingreso-minimo-vital-llego-marzo-200000-hogares-con-565000-beneficiarios/|title= El Ingreso mínimo vital llega en marzo a más de 200.000 hogares con 565.000 beneficiarios|last=Miralles|first=Francisco|date=2021-03-20|website=Noticiastrabajo|language=es|access-date=2021-03-22}}

The minimum income, designed by the Ministry of Inclusion, Social Security and Migration through the National Institute for Social Security and the General Secretariat for Objectives and Policies of Social Inclusion and Forecast, and with the collaboration of the Spanish Tax Agency and the Ministry of Social Rights and 2030 Agenda,{{Cite web|title=Royal Decree-Law 20/2020, of May 29, establishing the minimum vital income.|url=https://boe.es/buscar/act.php?id=BOE-A-2020-5493|access-date=2020-06-06|website=boe.es}} was finally approved by the Council of Ministers on May 29.{{Cite web|last=Llach|first=Laura|date=2020-05-29|title='Historic measure': Spain backs minimum income for most vulnerable|url=https://www.euronews.com/2020/05/29/spain-minimum-income-socialist-government-backs-benefit-for-850-000-vulnerable-families|access-date=2020-06-06|website=euronews|language=en}}

= Taxation of Self-Employment =

Escrivá is responsible for preparations of social security tax changes for self-employed workers. In July 2022, after 14 months of negotiations, the minister reached a deal with self-employed associations to modify the fees for this kind of workers. The new scheme establishes for 2025 a minimum fee of 200 EUR / month for self-workers earning at least 670 EUR / month and a maximum fee of 590 EUR / month for those earning more than 6,000 EUR / month. With these reform, those self-workers that not reach the official minimum wage, the fees will reduce, while those with more earnings will increase. Due to this, it is expected that self-employed workers earning above 1,700 EUR / month will see their social security contributions increased up to twice in the next three years.{{Cite news |date=July 19, 2022 |title=Escrivá preacuerda con los autónomos una cuota mínima de 230 euros en 2023: así quedan los tramos |work=El Economista |url=https://www.eleconomista.es/economia/noticias/11873617/07/22/Escriva-preacuerda-con-los-autonomos-una-cuota-minima-de-230-euros-en-2023-asi-quedan-las-tablas.html}} Some economists evaluate these changes as government attempts to temporarily patch disequilibriums in the unsustainable Spanish public pensions system, at the cost of self-employed workers.{{Cite news |last=Rallo |first=Juan Ramón |date=January 21, 2022 |title=¿Cuál es el auténtico objetivo de la reforma Escrivá contra los autónomos? |work=Cotizalia |url=https://blogs.elconfidencial.com/economia/laissez-faire/2022-01-21/autentico-objetivo-reforma-escriva-autonomos_3361376/}}

Another relevant point is the probable breach of the commitments with the European Union, since with this reform it was hoped to reduce the Spanish social security deficit, but this reform does not guarantee it.{{Cite web |last=Jorrín |first=Javier G. |date=2022-07-21 |title=Escrivá bajará las cuotas al 70% de los autónomos y complica la promesa que hizo a Bruselas |url=https://www.elconfidencial.com/economia/2022-07-21/escriva-bajara-cuotas-autonomos-complica-promesa-bruselas_3464377/ |access-date=2022-07-21 |website=elconfidencial.com |language=es}}

Governor of the Bank of Spain

In September 2024, he was appointed governor of the Bank of Spain.{{Cite news |date=2024-09-03 |title=Spain to Name Escriva New Central Bank Governor, Expansion Says |url=https://www.bloomberg.com/news/articles/2024-09-03/spain-to-name-escriva-new-central-bank-governor-expansion-says?srnd=phx-economics-v2 |access-date=2024-09-03 |work=Bloomberg.com |language=en}}

References

{{Reflist}}

Notes