The Generalitat halted a planned 758 million euro investment in Alicante as part of a broader review of regional allocations. This pause affects the Alicante region within the framework of evaluations conducted by Ineca, the Institute for Economic Studies, and the Valencian Community Business Confederation, known as CEV. The report reveals that only 61 percent of the real investments were executed within the current fiscal period across different regional budgets, signaling a notable gap between planned funding and actual disbursement.
Joaquín Pérez, president of CEV Alicante, along with Nacho Amirola from Ineca and Francisco Llopis, director of Economic Studies at Ineca, presented the final results of the analysis of the Generalitat Valenciana 2023 budgets. Following recent controversy, the opposition party alleged significant state investment, but the study aligns with government disclosures, indicating that Alicante would receive 610 million euros in the budgetary framework. Of this total, 311.8 million is linked to direct execution by the Consell, while 297.6 million is channeled through capital transfers to other administrations.
This figure represents 41 percent of the total investments contemplated for the Valencia Community budgets, marking the third consecutive year with such a distribution pattern. Per capita funding for Alicante is reported at 164.5 euros, a level that barely surpasses the 85 euro figure outlined in the national budget. Despite this, Ineca and CEV note that the province continues to face a persistent investment deficit of 232 million euros since 2008. The authors caution that this shortfall has affected the delivery of essential services, a trend reflected in lower ratios of available beds for teachers, doctors, and the elderly in Alicante compared with Valencia and Castellón.
Consell injected 610 million into Alicante to compensate for complaint in Government accounts
On the other hand, the report draws attention to the low rate of budget execution, highlighting that only 61 percent of planned spending materialized. While the study does not provide a precise breakdown of actual investments, it implies that the Generalitat may have suspended around 758 million euros in Alicante over the past fourteen years.
The authors criticize that only 51 percent of investments are regionalized and assigned to specific projects, leaving a substantial portion of funds without a clearly identified destination. This lack of traceability raises concerns about transparency in how resources are allocated across the region. The analysis emphasizes that greater clarity and accountability in budget execution are essential to ensure that promised investments translate into tangible improvements in public services and regional development.
In summary, the Alicante funding scenario, as outlined by Ineca and CEV, reflects a long-term pattern of investment gaps that have constrained the delivery of crucial services. The report advocates for enhanced regional planning, more transparent project designation, and more consistent execution of budgeted investments to bolster education, healthcare, and elder care in the province. The findings contribute to ongoing public discussions about how regional and national budgets align with the needs of Alicante and the broader Valencian Community. Attribution: Ineca and CEV analysis of 2023 Alicante budget execution.
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