The financial measures proposed by Montoro will also save 71 million euros for the Community
Thursday, July 31st, 2014The Minister of Economy and Finance assesses this as "solidarity, fair and necessary to the support face of the welfare state in the Region"
The Council of Fiscal and Financial Policy held in Madrid on Thursday proposed, the main novelty, new financial support measures for the regions.
Specifically, reduced to one per cent interest Autonomous Liquidity Fund (FLA) for the years 2012, 2013 and 2014, as fixed by 5.18 percent 3.91 percent and 2.41 percent, respectively between October 1, 2014 and December 31, 2015. Minister of Economy and Finance, Francisco Martínez Asensio, praised the measure, saying that "this is an important gesture to thank and give us breath, and we will allow savings of 71 million euros in the case of the Region of Murcia ".
The Ministry of Finance and Public Administration considers appropriate measures under the Financial Plan of the Economic Community of Murcia.
The Minister said that "the plan of the regional government's commitment to move forward on the path to financial stability and fiscal consolidation, with actions that have to do with saving and efficiency in public spending and revenue improvement is evident."
The regional manager today after the meeting appreciated the proposal of the Minister Cristobal Montoro, who considered "supportive, fair and necessary to the support face of the welfare state in the region."
Moreover, extending a year of depreciation and a lack of FLA year 2012, which will mean an additional liquidity available to 67 million euros.
As indicated Martínez Asensio, "is a new instrument that has a positive effect on regional accounts and the adjustment has to perform Murcia in your Finance Plan" mechanisms, he added, "that allow us to guarantee the delivery of public services, tackle payments to suppliers and provides greater solvency to the Community. "
Although the central government considered "appropriate" measures included in the Financial Plan of Murcia Economic postponed for September approval to the need to incorporate the measures in the Ministry, since the exercises affect 2014 and 2015. Holder of Economics noted that "the impact of new revenue, the Government of Spain, will, as already anticipated, do not apply more cuts and ensure the remuneration and other conditions of public employees."
Achieved the goal of reducing public bodies
Also, the Council of Fiscal and Financial Policy of the 2014 debt target was revised. While the deficit target is maintained in the one percent, the debt has been revised upwards.
So, after being set last year by 19.7 percent, the ministry has now risen to 21.9 percent, due to the increase of the target set by the Government's Office joined in the Stability Programme.
The Minister said that "in this matter, we must remember that in 2013 the Region of Murcia met its goal of debt, ending the year with a volume of undersized including debt, in terms of our GDP."
Regarding the commitment of the Region regarding the rationalization of public administration bodies and reduction, has reached 104 percent of the stated objective, which is the removal of 49 compared to 46 entities initially raised.
Source: CARM