The Minister of Territorial Policy and Democratic Memory, Ángel Víctor Torres, attended the meeting of the Fiscal and Financial Policy Council (CPFF), which has presided over the Fourth Vice-President of the Government and Minister of Finance and Public Function, María Jesús Montero.
The meeting informed the Autonomous Communities of the decision of the Ministry of Finance to relax the deficit target of the CCAA of 2024, which will be 0.1%, which represents a tenth more fiscal margin compared to the budgetary balance target set for the CCAA in the April Stability Program sent to the European Commission. This means that the CCAA deficit target in 2024 will be 0.1%.
This tenth of the largest fiscal margin for the CAAC will be assumed by the General Administration of the State, which will once again have to make a greater effort to reduce the deficit as happened during the pandemic and the war in Ukraine.
In addition, the Ministry of Finance has informed the CCAA that in 2024 they will receive the largest funding system in their history with 154,467 million euros. It is an increase of 14.9% compared to 2023, which means that they will receive almost 20 billion euros more than last year to strengthen their public policies. That figure includes 134.658 billion of the account deliveries, 8.3% more than in 2023, and the settlement of 2022, which amounts to 20.746 billion.
The CCAA has received 40% more resources in the last five years, compared to the five years prior to that period, which represents almost $180 billion more for the autonomous communities.
With regard to the autonomous debt, the State will assume part of the debt of all the autonomous communities of common system without exception, both those that are subscribed to the Autonomous Liquidity Fund (FLA) and those that have indebtedness to financial entities.