this government council Canary Islands Approved the 2023 budget draft for the Autonomous Community of the Canary Islands. 10,180 million euros, 11.9% more than the current yearWith social spending to increase by 9.46%. accounts sent by President of the Canary Islands, Angel Victor Torresand Undersecretary of Treasury and Vice President, Roman Rodriguez, take into account Selective and ad hoc tax adjustment to apply to 85% of the 954,000 taxpayers on the islandsIt will benefit from an average of 105 euros in savings and will cost regional coffers 100m euros. This regulation, which translates into an increase in current deductions and an extension of the first four regional divisions of the personal income tax (IRPF), will have retroactive effect from 1 January 2022 and will be included in the next rental campaign.
Increase in investments
VI and VII of the budgets. departments, Real investments and capital transfers will increase by 27.1% to reach 1,746 million Euros.
Román RodrÃguez noted that although these have more forecasts of economic growth in the Canary Islands than in the rest of the country, there are “broad budgets” added to a “uncertainties” scenario from the perspective of “prudence” and perspective. “After 2023 comes 2024 and then 2025”. And he referred to the “extraordinary effort” from the public to boost the Government of the Canary Islands. 29.6% of budgets over the last four years, when forecasts will close 2023 with 3.4% lower GDP than 2019.
financial measures
Regarding fiscal adjustment, Rodriguez stressed that, with the difference in the Canary Islands, it replicates what other autonomous communities like Madrid or Andalusia endorse. “He did not lower the taxes of the rich, he will not lower them”this is something other regions do, he claimed.
Three fiscal measures approved in these budgets, one extraordinary cutback for rising pricesFor gross salaries up to 23,300 euros there will be 225 euros; 175 for 28.700 and 125 for 34.000 Euro; to be added territorial deductions on personal income tax 2022-2023 35% of Canarian taxpayers will benefit from it. Also, for 95% of them expansion of autonomous sections of personal income tax.
Source: Informacion
Christina Moncayo is a contributing writer for “Social Bites”. Her focus is on the gaming industry and she provides in-depth coverage of the latest news and trends in the world of gaming.