• Financing The PP imputes to the economic management of Ximo Puig 11,000 million of the Valencian record debt

  • Budgets 1,325 million: the fictitious income of the Generalitat for the underfinancing

The Valencian Community closed 2020 exceeding 50,000 million euros of public debt for the first time in its history, which again exceeded the 51,000 million barrier three months later. A snowball that the PSOE justified yesterday for not cutting public services and maintaining the "standard of living" and that, in practice, will continue to roll in 2022. The Generalitat will once again include the

fictitious income item of 1,325 million to alleviate the underfinancing

but, as the PP now warns, will not even serve to cover the fall in state funds that is expected for next year.

The PP Economy spokesman in the Valencian Courts,

Rubén Ibáñez

, estimates that the Valencian Community will stop entering 2,690 million by transfers or decisions of the State. The bulk of this amount corresponds to the

disappearance of the Covid fund

that the Government enabled to meet the expenses of the pandemic. That is to say, without the extraordinary fund, the Generalitat will not see the 1,400 million that were achieved in this way this year, although the Ministry of Finance trusts to compensate them with European funds.

To this is added the

liquidation of the regional financing system

, which will mean about 700 million less in the Valencian coffers compared to what is arranged this year.

In fact, the sources of Finance consulted trust that it can be alleviated with an "additional transfer" from the Government to the communities that covers the negative settlements of 2020.

In addition, the Consell expects that

payments on account

in 2022 will grow by 5.5% compared to 2021. In figures, 539 million more, but 90 less than what it would touch if it is taken into account, points out Ibáñez, that the average to national level is 6.4%.

The Valencian Community is also affected

by the public deficit objective

set by the Ministry of Finance for 2022, which goes from 1.1 to 0.6%. This would theoretically force them to tighten their belts: translated into figures, 500 million less. However, the Ministry of Finance again accepts that it is still a reference rate in a scenario of suspension of fiscal rules. In short, it will not comply, despite the fact that Minister Vicent Soler has already told this newspaper that the next budgets will not be expansive like the previous ones, precisely to try to contain the spending that, in addition, soared with the pandemic.

However, for the PP deputy, "this cut with respect to 2021 occurs with the approval of President Ximo Puig, who not only does not complain but applauds him and tries to make up, inventing the accounts to cover this evident lack of funds from Pedro Sánchez and trying to divert attention from

taxation in Madrid

".

Ibáñez has attributed to the economic management of Puig 11,000 million of debt that, on the contrary, in the Generalitat justify precisely because of the under-financing that the Valencian Community suffers after years with an expired autonomous financing model.

According to the criteria of The Trust Project

Know more

  • Valencian Community

  • PP

  • PSOE

  • Ximo Puig

  • Pedro Sanchez

  • Madrid

  • Covid 19

  • economy

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