In the middle of the debate about forgiveness of 20% of the debt of the regional liquidity fund (FLA) to Catalonia (15,000 million) and upon the proposal of the fourth vice president and head of the Treasury, Maria Jesus Monteroto extend a similar measure to all autonomy The data regarding this public expenditure for the third quarter of this year is known to anyone who requests it. Obligations of all administrations have been achieved historical maximum of 1.577 billion eurosThis represents an increase of 0.5% on a relative basis compared to the previous quarter and a 4.8% increase on an inter-annual basis. GDP rate decreased to 109.9%According to data from the Bank of Spain. Autonomies added a total liability of 319.924 million Between July and September, it was 2.27% less than in the second quarter.
Generally, Debt decreased in communitiesOnce the most immediate effects Pandemicand also compared to a year ago. In Catalonia, which has the largest liabilities in absolute terms, the average per capita figure was 10,570 euros in the third quarter; This is 2.86% lower than in the second quarter. This amount is almost twice the amount affecting residents in the area. community of madridThe average was 5,234.4 euros, down 3.78% compared to the previous three months.
Generalitat of Catalonia At the same time, it ranks first in debts to the state as a creditor. FLA and other mechanisms 71,308 million, created from 2012 to alleviate the lack of access to markets by autonomies or many About 84 out of every 100 euros of total debts.
Inside Valencian CommunityIn the region where the weight of debt relative to gross domestic product (GDP) is the highest among all regions, the average liability per capita fell to 10,437.96 euros in the July-September period, 3.89% less than in the second quarter. According to data from the Bank of Spain. 47.594 million of the total amount, that is, The creditor of 86% of the total is the state.
And AndalusiaIn the most populated community, the average liability per capita was 4,357 euros, 1.44% lower than in the April-June period. The debt to the government is 24,702 million, accounting for 65.8% of the total. community of madrid According to the Minister of Finance, although it can also request debt forgiveness, it lacks dependence on state resources.
Another of the communities that is one of three communities with the current funding system net contributors into the system together with Madrid or Catalonia. Balearic IslandsThe average debt per capita is 7,236.57 euros. 58 percent (5 billion 178 million) of the total number of 8 billion 874 million belongs to the state.
The weight of debts of all administrations is one of the factors that the Government is trying to reduce. HE 2024 budget plan sent to Brussels last October He pointed out that the good progress in the economy, which is expected to grow 2.3 percent in 2023 according to the manager’s forecasts, will allow the debt / GDP ratio to decrease. Already up to 108.1% in 2023We set a goal of reducing it below 110% by going 1 year ahead. The same thing is happening with the deficit, as in the same document the Executive predicts that the budget deficit will be reduced to 3% of GDP in 2024 – a year earlier than predicted in its most recent forecasts – and is on track to continue reducing in the coming years. in subsequent years until it drops to 2.7% in 2025 and 2.5% in 2026.
Government forecasts show that public debt will continue in the coming years and is expected to fall from 106.3% in 2024 to 105.4% in 2025 and 104.4% in 2026.