The distribution criteria for the collection of the bank tax based on the gross domestic product (GDP) of the autonomous communities 18 percent left to the amount which would correspond to Castile and León if this distribution were to be done according to the regional financing system, which is the model used until now, according to calculations carried out by the Ministry of Finance.
This new distribution was agreed by the government with the independence deputies of Junts to be able to carry out part of its tax package which includes a new taxation on financial entities. Precisely, Catalonia will be, with Madrid, the big beneficiary of the new criteria.
Concretely, based on the weighting of different variables, such as dispersion or the aging of the population, the regional financing system in force today places the adjusted population in Castilla y León to 5.8 percentwhich implies that the Community receives this percentage both in the funds derived from the model (deliveries of installments) and in the distribution of other sums that the Government has for the territories.
However, the GDP of the nine provinces represents 4.77% of the national total, which implies one weighting point less and, with that, an 18 percent decrease in funds that would arrive with the regional funding criterion.
The new distribution of tax, which hopes to collect 1,720 million euroswill mainly benefit Catalonia and will harm, to varying degrees, eleven common regime autonomies, but especially Andalusia. This would also help raise more funds Madrid and the Balearic Islands and La Rioja, the effect will be neutral, always according to the study carried out by the Council known as Ical.
More precisely, the The Catalan Generalitat will see transfers increase of this tax 32.6 percent, compared to what would correspond to it with the financing system, since its GDP represents 19.5 percent of the national, while its adjusted population weighs 14.7 percent. In the case of Madrid, The collection difference would be 10.4 percent due to the difference between its domestic product (19 percent) and its adjusted population (17.2 percent).
The injured
In the loser’s car, she clearly loses Extremadura, which will see its amounts reduced by 32 percent since, while with the financing model it would receive 2.5 percent of the funds, with the new model it will only receive 1.7 percent. They are followed in percentage of reduction of funds by Andalusia, Canary Islands and Castile-La Mancha, with around 28 percent. Murcia and Asturias would lose 21 percent and Galicia, 20 percent, while in the Valencian Community and Cantabria this figure would be around 15 percent. Aragon would only see its expectations drop by 3 percent.
From the Junta de Castilla y León they explain to Ical that this new distribution “looks at inequalities between autonomous communities, “It benefits the richest, including Catalonia, and does not take into account the spending needs of each territory set in the adjusted population of the regional financing system.”
In this sense, the Ministry of Finance denounces that the distribution criteria were negotiated bilaterally and not in established forums and emphasizes that the new distribution “harms all communities whose spending needs are greater than their GDP, among which are regions facing demographic challenges”which implies “breaking the principle of solidarity and equality of all citizens in access to quality public services, wherever they live”.
