Navarro outlines debt shares and funding needs for the Valencian Community

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The president of CEV, Salvador Navarro, argued this Tuesday that the State should assume 73% of the Valencian Community’s debt. According to reports prepared by Fedea and Ivie, funding remains insufficient. The question of who gains autonomy was highlighted during his remarks at the Alicante Forum, a venue where discussions contested this claim based on studies. Calculations initiated by Junts per Catalunya had forecast different outcomes last week, suggesting a figure of 450,000 million. With this level of autonomy, the euro is framed as reflecting the state’s historical debt burden.

He stated plainly that there was no empirical analysis supporting the claim. He asserted that 73% of the debt, as reflected in analyses by Ivie and Fedea on behalf of the Generalitat Valenciana, stems from inadequate funding. Navarro reminded the audience that this pattern has repeated across various administrations that had to address demands from regions such as the Basque Country and Catalonia. He underscored the need for Valencian political presence at the national level.

This moment captures proceedings at the Alicante Forum on Tuesday.

In this context, Navarro described the debt situation as indefensible. The current debt stands at 55,000 million euros, and he noted that interest payments are a major item within regional budgets. He expressed his wish for the next government to understand the aims and to support a fair financing platform. He advocated for the forgiveness of a large portion of the debt, a new financing model aligned with the population, full execution of investments in the Valencian Community, and the creation of a leveling fund while the system is reformed.

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Amnesty

When asked about possible amnesty proposals from Catalan independence parties in support of Pedro Sánchez, Navarro lamented current polarization. He commented on Spanish politics and urged the parties to reduce conflict and offer greater certainty. Regarding amnesty, he suggested that the approach was not satisfactory. He acknowledged the need for constitutional changes to reflect contemporary times but stressed that any modifications to Magna Carta should be achieved by a broad parliamentary majority, avoiding unilateral solutions.

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