Catalonia receives 18.2% of the State's territorial investment in 2019 | Economy


PHOTO: Pedro Sánchez and Quim Torra, in a meeting in Barcelona on December 21st. / VIDEO: Declarations of Carles Puigdemont, this Monday, on Budgets.

The Budgets for 2019 finally allocate 18.2% of the investment to Catalonia. The table of the territorialized investment distribution reveals that this community will take 2,051.38 million euros, 16.8% of the total. To this amount we must add another 200 million euros for the judgment of the Supreme Court of November 2, 2017 on the third additional provision of the Statute of Autonomy of Catalonia, which provides that the investment must be equivalent to the weight of the Catalan economy in the whole of the State. Taking into account that Catalan GDP accounted for 19.2% in 2017 compared to the total for Spain, the figure would be slightly below, although it is half a point above the expected.

In any case, Catalonia is the community that adds more than the previous accounts: it will have 900 million more. The support of the Catalan nationalist parties (ERC and PDeCAT) is key to the approval of the accounts in the Congress of Deputies. This circumstance has caused tensions in the independence movement, to the extent that the week passes the former president of the Generalitat, Carles Puigdemont, declared after a meeting with the current president, Quim Torra, that parliamentary groups will have the last word.

The second community that grows in absolute terms is Andalusia, with 646 million, which represents an increase of 43.5% compared to the previous Budget. The Valencian Community adds another 447 million and it is one of those that more grow with respect to 2018 (a 60.2%). The president of that community, the socialist Ximo Puig, had asked the Government that the investment be equivalent to its population weight, calculated at 10%. Finally it remains with 9.8% of the total investment. But where the percentage grows most the investment is in Navarre. The increase of 51 million in the regional community represents a 90% progression with respect to previous accounts.

Overall, the total budget allocated by the State to regionalizable investment increases by 18.1% in the first budget of the Government of Pedro Sánchez to 12,182 million. In per capita expenditure, the most benefited communities are Extremadura (458 euros per inhabitant), Castilla y León (454 euros), Cantabria (425 euros) and Aragón (412 euros).

More investment in infrastructure

The regionalizable investment expresses how the investment of the State will be distributed among the different communities. It corresponds to a large extent to the infrastructures, an item that altogether rises 18.1% with respect to the previous accounts.

In total, the State plans to spend 10,069 million this year on the development and maintenance of transport networks. More than half of that expense, 5,041 million, will go to the railroad. The roads, with 2.328 million, will be the second most important destination for infrastructure investment. In third place will be the hydraulic infrastructures with almost 852 million, followed through the ports (830 million), airports (689 million) and coastal or environmental infrastructures (134 million).

The breakdown by investment indicates that the State will directly invest 2,794 million, while the remaining 7,236 will correspond to public entities and companies. Of the money for railway, for example, 2,660 million correspond to ADIF Alta Velocidad, the public company that manages the AVE network, another 2,244 million to ADIF (which manages the rest of the roads) and 122 million to Seittsa. These acronyms correspond to the State Company of Infrastructures of the Terrestrial Transport, to which corresponds take care of the rescued highways. For this concept, an expense of 433 million is foreseen.

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