The latest budgets approved by the current legislature signal a clear path forward. Valencia faces a significant moment this Thursday morning as negotiations proceed. Botànic’s three parties have endorsed the Generalitat’s 2023 accounts, a decision they argue proves the viability of a multi-party government and allows for increased social spending aimed at those most affected by the ongoing economic crisis and energy price pressures. The budget approval comes despite lingering doubts from Compromís and Unides Podem, who expressed concern about concessions made with the opposition and accused some partners of breaking the coalition pact by pursuing measures with external support. They framed the move as a breach of trust within the left coalition and warned of potential instability ahead.
inheritance tax
There is a 99 percent discount and a tax exemption for inheritance taxes applicable to family businesses earning over 10 million euros annually, a policy tied to renewable energy initiatives. These items have stood out as two central issues in the Valencian Community, areas where the socialist bloc has seen growing dissatisfaction among voters and where the coalition partners have pressed for change. Added to the debate is the ongoing discussion around the public safety and cultural events policy, including adjustments to regulations around major public celebrations. The PSPV has maintained that its position always favors the broad Valencian social majority, stressing that its proposals align with the interests of everyday families and local communities.
Compromís and Unides Podem greenlight budgets, but file criminal charges against PSPV
The Botànic party that has argued most forcefully against the Socialists in recent weeks is Unides Podem, the parliamentary treasury spokesperson. Ferran Martinez stated that there appears to be no reliable path forward from PSPV, accusing them of unraveling the tripartite agreement and forming a coalition with the opposition on measures that were framed as beneficial. Martinez underscored that the government’s stability depends on staying true to signed agreements and maintaining constructive dialogue. He added that many of the good measures enacted over the past eight years were achieved through the consensus of all three parties involved.
clean energies
Socialist deputy José Munoz emphasized that backing the adoption of clean energy remains a top priority for his group, estimating that the inheritance tax exemption could reduce costs for households and businesses by as much as four hundred thousand euros in eligible cases. He indicated a willingness to negotiate with coalition partners and even with the opposition when positive outcomes for citizens are evident. Munoz stressed that the PSPV acts with loyalty to the Valencians, arguing that responsible politics means negotiating, making compromises, and representing the majority of residents fairly.