PSOE and PP demand a salary cap for executives at the Bill Printing Office

PSOE and PP have presented a joint proposal in Parliament to regulate and limit the salaries of senior executives at the Bill Printing Office (Imbisa), following a report from the Court of Auditors that detected salary increases above the permitted limits.

The Court of Auditors has focused on the Bill Printing Office (Imbisa), the state-owned company created in 2015 that manufactures euro banknotes and depends on the Bank of Spain. Its report reveals that some senior officials have received salary increases that exceed the established internal limits. Now, PSOE and PP have joined forces in Parliament to demand a salary cap and stricter regulation.

PP and PSOE proposals to curb excesses

PP has requested the creation of a internal manual that details the competencies of the management units, the functions of their heads, and the procedures for promotions. Additionally, it wants this manual to specify the level of intervention of the Bank of Spain in personnel decisions.

For its part, PSOE also urges the implementation of this manual and to ensure compliance with the Equality Plan of Imbisa, which according to the Court of Auditors has not yet been fully applied. Sumar has joined this demand.

"Some promotions did not respect the general limits defined internally, causing salary increases above the permitted levels," denounced the Court of Auditors in its report.

What does it mean for taxpayers and transparency?

Imbisa is a public company, so the salaries of its executives affect public spending. PP demands that the annual accounts include more information about executives classified in senior management, management, and middle management, detailing how their appointments depend on the Bank of Spain.

For readers interested in the management of public companies, this news represents a step forward in transparency and salary control. If the proposals are approved, citizens will be able to know in more detail how senior officials of a company managing public resources are compensated.

Vox proposes turning to the Mint

In the debate, Vox has also intervened, suggesting that Imbisa turn to the National Mint and Stamp Factory - Royal Mint for future paper supply tenders. This initiative aims to reduce costs and improve efficiency.

The proposals from PSOE, PP, Sumar, and Vox will be debated and voted on in the Joint Committee for Relations with the Court of Auditors, in a session scheduled for after the summer. Until then, the salaries of Imbisa executives will remain under the scrutiny of the auditing body.