This Valencian Community this year it will again be one of the autonomies with the highest autonomy. incompatibility on public accounts. Specifically, the Independent Accountability Authority (airef) expects Generalitat to close the year with a 1.5% deficit. too far from the 0.3% set as reference 0.4% for the regional governments group, as well as for the regional governments group in this body’s 2023 Budget Implementation, Public Debt and Expenditure Rule Report.
In this way, the Community second most incompatible autonomya, second only MurciaWhere the deficit calculated by Airef will reach 1.6%. Of course, there is some consolation that at least the figure will be much better than 2022, when Consell closed the year with a negative 3.1% result.
After reviewing its initial estimates, the agency responsible for auditing public accounts, seven autonomy will manage to balance their budgets or give a slight surplus. These are Andalusia, Asturias, the Balearic Islands, the Canary Islands, Galicia, Navarra and the Basque Country. Six other communities (Aragón, Cantabria, Castilla y León, Extremadura, Madrid and La Rioja) that the government has included as an estimate in the Stabilization Programme; during only four years of autonomy can end with a higher deficit.
In addition to the Community of Murcia and Valencia, this group includes -0.7% Catalonia and -0.9% Castilla-La Mancha.
inconsistencies
Airef’s predictions once again absolutely do not match those made by Airef. generalitat going what continues to maintain its deficit forecast of only 0.3%by including fictitious game With the amount it needs to get more from the State to fix underfunding suffers from the existing regional financing system. An item that the supervisory body did not consider.
Thus, according to Airef, The level of resources Generalitat will have this year will be equivalent to 15.8% of GDP Autonomy regardless of revenue from the Recovery, Transformation and Resilience Plan (PRTR). an amount you consider More resources from the governmentalso, for example, a Reducing collections for Inheritance Transfer Tax and Documented Legal Transactions – given the moderation of the real estate market, it is Consell’s own tax that collects the most.
takes into account its effect. shopping cart bonus That Generalitat has approved in the spring to help the most vulnerable families in the face of rising food prices, which it estimates at 30m euros.
On the other hand, Airef states that they were executed in the Community of Valencia until 2022. 86% of REACT-EU funds 1,254 million was allocated to the autonomy, and it predicts that the Recovery Plan, financed with European funds this year, will have an impact equivalent to 0.7% of the autonomy’s GDP.
Debt
With all of this, the financial responsibility organization says that the Valencia Community will close the year again as follows: autonomy with greater debt volume According to its GDP. Specifically, the public debt will be equivalent to 43.9% of the total wealth generated in the region, ahead of 33% of Castile-La Mancha debt, 31.9% of Murcia or 31.8% of Catalan.
On the other side, the less indebted autonomies are Navarra and the Canary Islands.Basque Country with 11.4% and Basque Country with 11.5%.
Airef reminds that due to the liquidation of the regional financing system fiscal year 2022, the Community of Valencia and other regions will temporarily have additional resources next year. In this context, it warns the future regional manager. Being tempted to increase expenses or take advantage of structural reductions in income It is based on these temporary revenues that will cause a greater imbalance in public accounts in subsequent years.