Tuesday, December 23, 2014

Catalonia believes that the proposed new regional financing … – Yahoo Finance Spain

Catalonia believes that the proposed new regional financing … – Yahoo Finance Spain

Madrid, Dec 23 (EFE) .- The Minister of Economics of Catalonia, Andreu Mas-Colell, said today that the initiative be adopted by the Government to improve regional financing law is positive and “okay”, but clarified that there is no “quantitative idea of ​​its effects” in the coffers of the communities.

Speaking to the press at the end of the Council of Fiscal and Financial Policy (CPFF), explained that known in quantitative terms what will the proposal transmitted by the Finance Minister Cristobal Montoro, and to be approved by a royal decree on Friday at the Council of Ministers.

“I will” in amounts, has Mas-Colell said after evaluating the proposal of Finance, upon which noted that “going to be a positive number” for both communities adhering Autonomous Liquidity Fund ( FLA) to those without.

It has also argued that Catalonia requests that the deficit target should be understood “in primary terms”, ie, “excluding interest” which accrue to communities because this would reflect an “equal treatment” citizens

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