The Government once again prioritizes investment in Catalonia, almost twice as much as in Madrid

Catalonia will receive 2,508.92 million euros while the State in Madrid will invest 1,305.35 million and in the Valencian Community, 1,269.46 million euros Murcia and Castilla y León are punished, which are the only two regions where the Executive plans to invest less than last year In total, the debt of all public administrations will end the 2023 financial year at 112.4% of GDP, below the 115.2% forecast for 2022 The Government of Pedro Sánchez has foreseen in the general budgets of the State (PGE) for 2023 an investment in Catalonia and Andalusia almost twice as large as that available for autonomous communities such as Madrid or the Valencian Community. Specifically, Catalonia will receive 2,508.92 million euros, and Andalusia, 2,318.85 million, while the State in Madrid will invest 1,305.35 million, and in the Valencian Community, 1,269.46 million euros. Murcia and Castilla y León, which are the only two regions where the Executive intends to invest less than last year, are also punished. In this way, the Executive once again prioritizes investment in Catalonia in this new public accounts project to the detriment of a community that exceeds it in GDP and with a somewhat less population such as the Community of Madrid. According to this writing from the public accounts, presented this Thursday in Congress by the Minister of Finance and Public Function, María Jesús Montero, after Catalonia Andalusia is located, with a territorialized investment of 2,318.85 million euros. Already in third place is the Community of Madrid with 1,305.35 million euros, and then the Valencian Community, where the State plans to invest 1,269.46 million euros next year. The communities that receive the least After these regions, Castilla y León (955.82 million) are placed; Castilla-La Mancha (600.65 million); Basque Country (558.80 million); Aragon (547.86 million); Murcia (481.51 million); Extremadura (473.95 million); Asturias (420.88 million); Canary Islands (391.87 million); Cantabria (296.56 million); Balearic Islands (186.29 million); Navarra (103.84 million) and La Rioja (71.31 million). Finally, the cities of Ceuta and Melilla will receive 28.91 (0.2 percent) and 45.25 (0.3 percent) million euros, respectively. In the Balearic Islands, it is also planned that, in addition to this investment, a transfer from the Ministry of Transport will be made in the amount of 20 million euros to finance the Bahía de Palma tramway. In addition, new actions of the Ministry of Territorial Policy for Ceuta and Melilla for 20.52 million euros are contemplated. Greater investment than last year In any case, the majority of autonomous communities have improved their investment position with respect to the budget project that Montero delivered last year in the Congress of Deputies, as can be seen from the section on territorial distribution of the real investment of these public accounts. Only Murcia and Castilla y León are the only Autonomous Communities in which the investment decreases with respect to the PGE project from last year. In the case of the former, its investment has been reduced to 3.6% of the total compared to the 5.5% forecast for 2022. Meanwhile, Castilla y León has gone from 997.43 million last year to 955 .82 million by 2023. The public debt will be reduced to 112.4% As for the debt of all public administrations, it will end the 2023 financial year at 112.4% of GDP, below the 115.2% forecast for 2022, according to the projections of the 2023 General State Budget Bill (PGE), which also foresees the gross issuance by the Public Treasury of 256,930 million euros, which represents an increase of 8.2% compared to estimated for this year, due to the rise in interest rates. As in recent years, the bulk of the expected gross issuance will be concentrated in Treasury bills and in government bonds and obligations. However, since the outbreak of the pandemic, Treasury securities issues have been supplemented by new sources of financing from the European Union. Thus, since 2021 Spain has been receiving a high volume of transfers from EU funds after the pandemic within the framework of the ‘Next Generation EU’ (NGEU) programme.