Friday, May 20, 2016

Catalonia suffered in 2012 a fiscal deficit of 14,623 million, equivalent to 7.5% of GDP – Pysn People and Society News

News of Spain

The fiscal deficit of Catalonia 2012 stood at 14,623 million euro , according the calculations of the government, made public Friday. This amount, representing 7.5% of GDP, is to make the calculation according to the cash flow method, which takes into account the resources provided strictly Catalans and after receiving the territory in the form of spending, investments or services.

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the report also details that, while Catalonia contributes 18.4% of total revenue, received only 13.6% of its total expenditure . However, this difference is greater if one takes into account only discretionary spending that depends on the decisions of the central government; that is, without the expense of social security, which depends on the rights acquired by the unemployed, pensioners and other benefit recipients. Given this discretionary spending, therefore Catalonia receives only 9.2% of the State.

These figures are lower than the fiscal balances of the Generalitat of previous years. Thus, according to the calculations of counseling then led by Andreu Mas-Colell , Catalonia suffered a fiscal deficit in 2011 of 15,006 million, equivalent to 7.7% of GDP, while which in 2010 it was 16,543 million, 8.5% of GDP.

According to another method of calculation, the load-profit-which distributes the costs according to who benefits, distributed throughout the State, for example, investments in Barajas Airport in the Museo del Prado or at home actually, the fiscal deficit is lower. With this way of computable, Catalonia suffered in 2012 a fiscal deficit of 10,030 million euros, representing 5.1% of GDP Catalan.


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