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Facenda raises to 628 million what Galicia would lose because of the fiscal pact with Catalonia

Facenda’s advisor, Miguel Corgos, warned that Catalonia’s departure from the common regime This would mean “greater damage” for Galicia than the previous one transferred by the Xunta, once the final figures of the liquidation of the regional financing system for 2022 are known.

The Galician community would lose 628 million euros according to the new calculation of the Xunta, compared to what it received that year, the last with closed data. Using the figures from 2021, the regional executive had estimated a loss of 444 million euros.

Facenda’s advisor expressed this during his speech at a conference organized by the Confederation of Entrepreneurs of Galicia (CEG) with the participation of the president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero.

For his part, Herrero appealed to the responsibility of all administrations in the structural budget plan, necessary to comply with the new budgetary rules, for which he confirmed that it was “late”, he criticized.

Miguel Corgos, in his speech, also urged the central government to determine tax rules what to apply in accordance with the new economic governance framework of the European Union, in force since April 30.

All this on a day when it appeared that the Government postpones treatment of the road deficit in the Congress of Deputies due to lack of support. In her speech to businessmen, the president of AIReF showed herself waiting to see if there will be targets and “waiting” as to their “coherence” with the plan.

Corgos also expressed concern about “ongoing reforms that appear to be being addressed in a piecemeal manner,” and highlighted the tax reformto that of the regional and local financing system, extraordinary mechanisms and budgetary stability rules.

Patronal

On behalf of the CEG, its president, Juan Vieites, recalled that Galicia presents, in this context of adjustments, “significant investment needs” to guarantee its future competitiveness. This has thus influenced the European funds “Next Generation” must play “a vital role in channelling these investments” and highlighted the “very high number of local entities” that must also manage their budgets and provide services to citizens.

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Katy Sprout
Katy Sprout
I am a professional writer specializing in creating compelling and informative blog content.
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