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The Consell closes November with a surplus of 363 million euros and only 43% of executed investments

At a time when the Valencian Community has been demanding a new financing system, and in which the needs of society have increased as a result of the covid crisis, the Generalitat has closed the last month of November with 363 million surplus and only 43% of executed investments. These are surprising figures, but they have their nuances. Thus they have been in charge of highlighting it from the Consell, by stating that the forecast is to complete the year with a deficit. They also clarify that, despite the fact that the percentage of execution in the investment chapter is similar to that of 2020, the economic sum has grown by 38%.

The Ministry of Finance has made public the budget execution data of the autonomous communities corresponding to the first eleven months of the year. One of the most outstanding data is that the set of territories, except for the Region of Murcia, closed November with surpluses, being that of the Valencian Community of 363 million euros, occupying the thirteenth position in the ranking. The main surpluses correspond to Andalusia, with 3,572 million, and Madrid, with 3,059. They close the Cantabria list, with 342 million; La Rioja with 164; and, of course, Murcia, with a deficit of 183.

The other striking figure is the one that refers to the execution of investments. The report indicates that, in the case of the Valencian Community, it is 41.59%, although the Intervention data of the Generalitat itself puts it at 42.99%. In either of the two cases, the Valencian territory is located in eighth place in a ranking headed by Cantabria with 62.5%; Catalonia with 54.36%; and the Balearic Islands with 51.93%. On the opposite side are Castilla-La Mancha with 30.01%; Aragon with 26.93%; and the Principality of Asturias with 26.52%.

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These are surprising figures, considering the current context. However, sources from the Ministry of Finance have been responsible for introducing a series of significant nuances. As far as the surplus is concerned, and according to the information provided, the Government of Catalonia expects to close the year with a deficit of around 1.1%. In this sense, they emphasize that the figure corresponding to November is not significant, and that it may be due to recent capital transfers that would not have been spent on that date, but that will end up coming out of the box.

Budget execution, on the other hand, is at a percentage level in scales very similar to those of 2020 in this same month, when it stood at 42.92%. The difference, the same sources highlight, is that at that time the sum executed was 710 million euros, and this time it is 982, which represents an increase of 38%.

Health expenditure of 701 million for covid

The data on budget execution made public by the Ministry of Finance contains a section that refers to the health and socio-health expenses derived from covid that have been communicated by the different autonomies. In the case of the Valencian Community, the expenditure amounts to 701 million euros, of which 323 million correspond to personnel, 99 to products without a medical prescription, 28 to real investments of a health nature and 250 to other purposes. The ranking in this type of expenses is headed by Catalonia with 1,256 million, followed by Andalusia with 1,127 million.

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Low allocation in aid to companies

To date, the Generalitat has only paid 312 million euros of the 647 that it received from the central government for aid to support business solvency, and that despite making an extraordinary call, after verifying how in the first the most of the budget remained unallocated. Sources from the Ministry of Finance point out that the appeals presented are still pending resolution, so the number of funds paid could still grow. The level of funds granted and paid by all the autonomous communities is low.

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