Treasury approves reform of autonomous financing with sole support of Catalonia and Canary Islands
The rest of the autonomous communities, including those governed by the PSOE, reject a model that they consider unfair and beneficial to Catalonia.
The Spanish government's Fiscal and Financial Policy Council (CPFF) has approved a new model for regional financing, with only Catalonia and Canary Islands voting in favor. The model, which will now go to the Council of Ministers and then to Parliament for approval, allocates an additional 20,975 million euros per year to regional governments and increases their share of VAT and income tax revenue.
Other regions have rejected the proposal, citing concerns that it is unfair and favors Catalonia, and that it does not take into account factors such as territorial dispersion and population aging. The model was agreed with ERC, a key government ally, and Catalonia's leader has defended it as a "window of opportunity".
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
