Extremadura will receive 3,889 million euros in cash deliveries during the 2024 financial year, according to the fourth vice-president and Minister of Finance and Public Service, María Jesús Montero, during the meeting of the Fiscal and Financial Policy Council (CPFF), held on Monday.
This is the largest figure in history and represents an increase of 7.63% compared to the 3,613 million euros that Extremadura will have received in terms of account deliveries during this year.
The payments on account are the substantial part of the system of autonomous financing and are calculated from the tax resources that are estimated to be paid throughout the year as income tax (the autonomous tariff) and the percentages established by the law that corresponds to each Autonomous Community of VAT and Special Taxes and that the Central State advances. Its calculation is linked to the information available at the current time of preparation of the preliminary draft Law on General State Budgets for 2024.
As reported by María Jesús Montero during the meeting that brings together the head of the Ministry with the councilors of Finance of each regional government, in total, the Autonomous Communities will receive 134,658 million euros in account deliveries. It is the largest figure in history and represents an increase of 8.34% compared to the volume of those of 2023. These numbers confirm the Government’s commitment to providing sufficient resources for all territories, so that they can provide the highest quality public services for which they are responsible.
The increase in the payments on account is a reflection of the forecast that Spain’s economic growth will continue next year and is also a symptom that the measures developed by the Government to mitigate the economic consequences of the pandemic and now of the invasion of Ukraine will take effect to give continuity to the recovery and job creation.
2022 settlement
In the year 2024, in addition, the financing system of the year 2022 will be liquidated. The forecasts indicate that Extremadura, by this concept, will receive 599 million euros. This means that this Autonomous Community will have a total of 4,448 million euros available from the autonomous financing system, taking into account the refund of advances due to the postponement of negative settlements in 2008 and 2009.
For its part, adding up the 2022 liquidation and the 2024 installments, the Autonomous Communities of the common system will have resources totaling 154,467 million euros next year.
Extremadura, in the Government stage of President Pedro Sánchez, will have had resources worth 21,863 million euros. This figure includes, in addition to regular funding, the distribution of extraordinary funds that the Executive mobilized to counteract the effects of COVID-19. This means that in the last six years this Autonomous Community will have had funding 37.6% higher than that received during the term of Mariano Rajoy.