This article has been read 100 times
The Information .com / communities and local entities will save more than 7,400 million euros, and Catalonia will be the most favored with 1843.7 million, with new funding mechanisms approved today by the Government, at 0% interest, to improve their financial situation and reduce costs.
The Cabinet has approved the Legislative Decree on sustainability measures of the autonomous communities and local authorities, and other economic measures, and has submitted to Parliament the project, which will be processed by the emergency procedure for amending the Law on Financing of Autonomous Communities (LOFCA) and the Fiscal Stability Law and Sustainability Financial.
All mechanisms to support the liquidity of the autonomies are grouped Financing Fund of the Communities, which will modalities Finance Facility for meeting the objectives of budgetary stability, public debt and average payment period to suppliers and maintain the interest rate of 0% over the next three years.
Another method is the Autonomous Liquidity Fund (FLA) and the Social Fund to which autonomy can finance its debt with local entities.
The financial facilities represent the state to assume the funding requirements of local authorities amounting to 39.869 million euros, of which 12,880 million for the financial facility, 1,000 million for the Social Fund and 28.100 million to be allocated to FLA force.
Overall, financial facilities savings amount to over 7,400 million euros, spread across 5811.5 million for autonomies and 1620.5 million for local authorities.
The total amount of savings has increased from 5.552 million euros to 5811.5 million, because the Ministry of Finance has added 258 900 000 corresponding to savings of negative assessments from 2008 to 2009.
The Government has considered the merits of extending the benefit of lower cost of financing obtained by the Treasury to all local authorities to adhere voluntarily to the new measures.
By region, the largest savings financial facilities shall, sources of finance, Catalonia, with 1843.7 million, followed by Valencia (1170.8), Castilla and Leon (434.6), Murcia (230.9), Madrid (219.6) and Baleares (216.9).
The Ministry of Finance and Public Administration has also provided data the debt to the State of communities and local authorities to September 30 this year.
With more than 50% Murcia (57.9%), Castilla-La Mancha are located (55.5 %), Andalucía (54.6%) and Valencia (52.7%), while among those who accumulate more than 40% contained Catalonia (48.2%), Baleares (45.7%) and Canarias (44 , 6%).
The following table shows the total debt of the communities with the state until September 30, 2014, and the savings made by the autonomous communities accession to the new instrument easily financial, from which local authorities will also benefit.
CCAA Debt% Savings per financial facilities
EUR
million
——– ————————————————– ——
Andalusia 54.6 922.0
Aragon 1.4 83.8
Asturias 29.8 81.8
Balearic 45.8 216.9
Canary 44.6 177.6
Cy Leon 3.9 434.6
C.-La Mancha 55.5 153.4
Catalonia 48.2 1843.7
C. Valencia 52.7 1170.8
Extremadura 5.5 35.1
Galicia 125.0
Madrid 5.2 219.6
Murcia 57.9 230.9
Basque Country 21.6
———————- —————————
CCAA 36.7 Total 5811.4
Total EELL 25.5 1620.5
Information The Information .com
No comments:
Post a Comment