Treasury Financing Model Explained

MadridExactly two months ago, María Jesús Montero informed the various Ministers of Finance and Economy that between January and February she would present a proposal for a new regional financing model. This Wednesday, the First Vice-President and Minister of Finance will fulfill that promise. After an agreement between ERC and the Spanish government for a new model and revealing the master lines in front of the media, Montero meets the councilors of the range to inform them of the details of the new system. The autonomous communities that share the financing of the common regime (all but the Basque Country and Navarre) are called to a Fiscal and Financial Policy Council (CPFF) this Wednesday morning in Madrid.

With this call, Pedro Sánchez’s executive will measure the feasibility of being able to go ahead with the proposal, which will need the endorsement of the Congress of Deputies, at least of the entire investiture bloc, and Junts has already ruled it out.

For this reason, the central executive also looks to the PP, which governs almost all the autonomous communities. From the direction of the party, however, they have rejected the proposal agreed with ERC: “It is a kick to the equality of Spain”, in the words of the Deputy Secretary of Regional Coordination, Elías Bendodo. So have most of theirs baronalthough some urged “caution.” “The figures don’t look bad, but we need to know more,” said the Minister of Economy and Finance of the Generalitat Valenciana, José Antonio Rovira Jover. In fact, if one thing characterizes the debate on the financing model, it is the cross interests between communities, even when they are of the same color – the Mancheque Emiliano García-Page (PSOE), for example, has also charged against the new model. Be that as it may, the leader of the PP, Alberto Núñez Feijóo, has summoned the baron this Sunday in Aragon, where elections will be held next February 8, with the aim of boasting a “common front” against Montero’s proposal. The PP, however, does not propose any alternative.

For this reason, Moncloa criticizes that the PP “has no interest” in approving a new financing model, especially due to the differences between its baron. “[El PP] He does not criticize the model that has been presented, but is against allocating more resources to public services to meet the needs of citizens,” said the spokeswoman for the central executive, Elma Saiz, this Tuesday.

Although the proposal stems from an agreement with ERC and the PSOE, this Wednesday Montero will want to open the debate to the rest of the autonomous communities. In fact, the head of the Treasury has always tried to distance herself from the idea of “bilaterality”, despite the fact that the talks in recent months have been only with the Republicans. For the Treasury, with this Wednesday’s Fiscal Policy Council, a path begins to design a definitive proposal that it aspires to bring to the Council of Ministers in the next two months.

Aiko Tanaka

Aiko Tanaka is a combat sports journalist and general sports reporter at Archysport. A former competitive judoka who represented Japan at the Asian Games, Aiko brings firsthand athletic experience to her coverage of judo, martial arts, and Olympic sports. Beyond combat sports, Aiko covers breaking sports news, major international events, and the stories that cut across disciplines — from doping scandals to governance issues to the business side of global sport. She is passionate about elevating the profile of underrepresented sports and athletes.

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