Montero presents the details of the new regional financing model that increases tax transfer | Economy

The Minister of Finance and first vice president of the Government, María Jesús Montero, is presenting the a this Friday, a matter that has been pending since 2014. “It is a reform that we committed to at the beginning of the legislature and on which we have been working for a long time,” said the number two of the PSOE at the start of her appearance.

The model will have to offer more resources to the autonomous communities, in charge of providing basic services. The presentation of the new model comes a day after the leader of ERC, Oriol Junqueras, met with the President of the Government, Pedro Sánchez, and that it would guarantee more resources for all territories.

The largest injection of resources will be carried out with an expansion of the part of personal income tax and VAT that is transferred to the communities. The current model foresees that half of what is collected from this tax is transferred to the common fund that will finance the territories – which in turn is used for the basic public services that they provide -, a percentage that according to the new proposal would now rise to 55% and 56.5%, respectively, Montero detailed.

source

News Room USA | LNG in Northern BC