Salgado rejects postponing debt of 24,000 million community

Salgado rejects postponing debt of 24,000 million community

Soufrière : Saint Lucia | Jul 27, 2011 at 3:53 AM PDT
Views: Pending
2 million Euro house

The Government will turn a deaf ear to the request for financial aid this evening will launch the communities of PP. Vice President and Finance Minister, Elena Salgado, refused to postpone the debt of 24.235 million euros that communities have with the executive to have received more money in 2008 and 2009. Although returns have started this year 2012 will be especially critical because the payments are multiplied by five. Treasury argues that the deadlines have already been agreed and that "there is no reason to change them." The first exhibition of the autonomous power of the PP after the elections of May 22 seems conflicted. The directors of Finance PP -11 of the 17-measure this afternoon autonomous forces with the Government in the Council of Fiscal and Financial Policy, which brings together the executive and communities.Coincidence or not, Carbajo López data provided yesterday waiting to find out how communities should the excess of funding received in 2009. There are 18.736 million euros to the central government for having delivered over sin optimistic revenue forecasts for those years. Are these expectations that determine how communities perceive the regional financing. The reality dashed the expectations of income and now the error is corrected communities claiming what they perceived to más.Aunque all agreed deadlines, increasing financial difficulties led them to seek help. Since January this year, communities are returning to the state and 5,500 million euros were more for the same reason in 2008. Payments will be made in five years at an annual rate of 1,100 million (see table). But since 2012, that amount will be added a further 3.747 million for the diversion of 2009, which resulted in another five years. The result is that for four years the two parts coexist, which will raise the annual regional bill nearly 5,000 million. Andalusia is by far, the community owes the state more. We continue to Catalonia, Valencia and Galicia. In addition, the vice president recalled that the ultimate sacrifice will be made this year, from a deficit of 2.4% approved of GDP in 2010 to 1.3% in 2011. But by 2012 remains the same 1.3%, so that containment will be less. In practice, next year will become a second chance to get what they are not expected to achieve now: close with some red numbers by 1.3%. Strong deviations registered in Castilla-La Mancha, Catalonia and Valencia, among other territories, to the belief that reinforcement límite.Como exceed that communities have more resources, Secretary of State for Finance yesterday offered the first settlement figures of the new financing system. In 2009, a year in which entered into force, the communities received more than 9.197 million that would have corresponded with the previous model. Beyond refusing to postponements, the Treasury may devise an alternative. Last year when communities found expressed, as this year, his discomfort at having to pay the first installment of the debt for the mistakes of 2008. Then, the ministry offered a win-win formula: the obligation to pay does not disappear, but were allowed to borrow to meet those communities quantities.

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One MILLION Euros!
One MILLION Euros!
From: pjf@cpan
Shaziakhan is based in Kahror Pakka, Punjab, Pakistan, and is a Reporter on Allvoices.
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