The Valencian Community, the second worst financed autonomy

The new data from the Independent Authority for Fiscal Responsibility (AIReF) insist on the regional underfinancing of the Valencian Community, according to the Observatory of economic-financial information of the Autonomous Communities.

Oliver Thansan
Oliver Thansan
16 July 2023 Sunday 10:29
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The Valencian Community, the second worst financed autonomy

The new data from the Independent Authority for Fiscal Responsibility (AIReF) insist on the regional underfinancing of the Valencian Community, according to the Observatory of economic-financial information of the Autonomous Communities. The historical data of the regional financing system shows that since 2012 the Valencian Community is always below the average for the autonomous communities.

The latest data referring to 2022 situate the per capita resources that the autonomous system allocates to Valencians at 2,777 euros, compared to the 2,962 euros that Spaniards receive on average. Together with the Community, the region of Andalusia, the worst financed, is also below the average, to which a total of 2,757 euros per capita is allocated. Specifically, they are 205 and 185 euros, respectively, the fewer euros that Andalusians and Valencians receive than the national average, according to data from the fiscal supervisor in its Observatory.

In total, by breakdown of resources, the Valencian Community received 2,128.7 euros per inhabitant in 2022, when the average is 2,317.1 euros per inhabitant. In this case, Andalusia is also below, with 2,310 euros per inhabitant. In contrast, La Rioja received in 2022 a total of 3,062.5 euros per inhabitant and Cantabria, 3,150 euros.

The reform of regional financing is the outstanding debt in regional politics, one of the regrets with which former president Ximo Puig leaves. Neither Compromís nor the PSPV managed to get the Treasury proposal materialized in the Congress of Deputies, since the pandemic, the energy crisis and the inflationary crisis have been lengthening a reform that in territories such as the Valencian Community is key to advancing in public investment and in historical debt reduction.

In the inauguration debate of President Carlos Mazón, last Thursday, July 13, he launched a proposal to the already leader of the opposition, Ximo Puig, to meet as soon as possible and go together to Madrid to demand new financing. He had previously said that "it is a failure for all that it has not been achieved" and pointed out that "we have to put our land ahead of our party, it is a pending issue."

Obtaining a new regional financing model is also one of the requests made to the new head of the Consell by the regional employers' association, the CEV, which offers Mazón the support and collaboration of businessmen and women in this priority objective, since "it also it is for us." Likewise, the CCOO-PV and UGT-PV unions -which also make up the Valencian platform Per un Finançament Just- have demanded the reform of the autonomous system, pending negotiations now with the Government that leaves the polls next Sunday.