2024 Budget of Generalitat Valenciana Their total amount has increased compared to last year, which was the last year Botànic prepared, but there are also sections whose total amount has decreased. This is also the case for Investments (Chapter VI) and Capital Transfers (Chapter VII), which will be reduced by 250 and 400 million respectively.
“We did not allocate a budget for anything that we would not implement,” the Minister of Finance said. Ruth Merino During the presentation of accounts. The Valencian government had already warned: No investments would be included in the accounts that were not certain to be realized by the end of the year; this was a way to avoid an overly large budget that would, in Merinos’ words, “leave it on wet paper.” “.
Thus, next year’s investments will amount to 1,228 million euros, 250 million less than the 1,492 million euros budgeted last year. This means that this amount will be reduced by 17.7% compared to last year, meaning that one in every six euros that this item had last year will be deducted. Likewise, we want to benefit from this year’s unspent remaining funds. It was stated that there are currently close to 1.2 billion Merinos as of September 30.
The other section that experienced a decrease in its total amount is Capital Transfers, which generally relates to subsidies and other monetary transfers. This part will decrease from 1 billion 702 million euros in 2023 to 1 billion 319 million euros in 2024, a decrease of 22 percent.
Otherwise, what happens to Section 1 Personnel Expenses? This is again the main section with 8 billion 817 million euros. This amount is 700 million more than last year; Compared to the latest Botànic accounts, there is an increase of 8.54%. This increase also includes increases in public salaries agreed between the Spanish Government and the unions, which must be included by the Generalitat.