The financial health of the Government allows it to face inflation

The Vice President and Minister of the Treasury, Román Rodríguez. / PARLIAMENT OF THE CANARY ISLANDS

Román Rodríguez points out that if the current economic situation continues, the future can be "complexed" by the price of money

B. Hernandez

B. HERNANDEZ The Gran Canarian palms

The Vice President of the Government and Minister of the Treasury, Román Rodríguez, yesterday acknowledged that the economic recovery has become "complex" because the situation generated by the pandemic has been joined by the war in Ukraine and the tension in the markets, which has caused a
high inflation.

However, he understands that the good economic and financial situation in which the Canary Islands finds itself places it in a
“unbeatable situation” to face the future.

Rodríguez made these statements yesterday at the
Parliamentary Committee on Budgets and Finance in response to a question from the representative of Nueva Canarias, Esther González, to assess whether the European Union maintains the
suspension of tax rules.

Rodríguez indicated that the Canary Islands have a
very low debt which will allow it to face the new stage of rising money "with guarantees to protect the most vulnerable sectors and public services without cutting rights".

Debt

He pointed out that the autonomous community has a debt of around 6,200 million, a figure that will be reduced when the GDP recovers. In addition, Román Rodríguez considers it "likely" that at the end of the year the premium will reach 300 or 350 points, which will cause a
critical moment "But you have to bear the consequences."

In any case, the Vice President considered it good news that the European Commission is proposing
maintain suspension of fiscal rules albeit with conditions, because in recent years, he stressed, this measure allowed "the public sector to take charge and offer responses to the most vulnerable population, maintain public services and help recovery."

The parliamentarian of Nueva Canarias, Esther Gonzálezalso indicated in his parliamentary speech that the Canary Islands closed last year as one of the
autonomies with less public debt of the Statesince it was among the three best in the ranking, only behind the communities of Madrid and Navarra.

Corporation tax

Roman Rodriguez also responded to
Canarian Coalition on the possible application of the minimum rate of 15% in corporate tax without excluding the archipelago, which in the opinion of the
nationalist deputy Rosa Dávilaassumes a new
"attack" on the REF.

He considered "absolutely necessary" that this exemption be included although, he said,
Spain "is not" for transferring this proposal to the EU. Although the impact is more qualitative than quantitative, because the companies that generate more than 750 million based on the islands "are not many",
will affect employmentsaid.

The vice president recalled that the final decision has not yet been adopted and although he considers a "
great news for tax justice» the application of this minimum rate of 15% to large companies, also values ​​as «reasonable» that the Canary Islands, as an outermost region, assert its position to be left out.

Román Rodríguez pointed out that «
you have to keep pressing and it is important that we do it together here, and that MEPs struggle in Brussels and earn their salaries».

Pressure

In this regard, he recalled that a socialist MEP - in reference to
Juan Fernando Lopez Aguilar-, managed to pass an amendment, which he described as "a giant step" so that the
RUP are exempt from taxation for CO2 emissions.

He took the opportunity to say to «another
PP MEP» -Gabriel Mato- That it "move" in the European Parliament because it is the competent body for this regulation to be adapted to the circumstances and take into account the singularities of the archipelago.

self-employed

For its part,
the deputy of the Mixed Group, Vidina Espinocalled for improvements to the
freelancers and less taxes. Román Rodríguez insisted on his refusal of a generalized tax reduction but affirmed that some should be increased.
direct aidsuch as those received by the primary sector.

Archive image of the CC deputy, Rosa Dávila, who spoke yesterday in the Commission. / c7

"The central government, whatever its color, has a hard time respecting the REF"

Román Rodríguez emphasized yesterday in Parliament that "the Government of Spain, whatever its color, finds it difficult to understand, understand and respect the REF." Faced with this situation, "which is not new", the Vice President and Minister of the Treasury urged "always be organized, trying to raise awareness and demanding respect for Canarian jurisdiction."

In his opinion, this lack of consideration is "consolidated in an incomprehensible way" towards the Economic and Fiscal Regime, so it is necessary to "always be vigilant", a responsibility "of the institutions but also of the citizenry," Rodríguez said in a response to the PP deputy, Fernando Enseñat.

The popular complained about the "continuous attacks" of the Government of Spain to the REF in the face of the "passivity" of Ángel Víctor Torres and denounced the "uncertainty and legal insecurity" that Madrid generates on different aspects of the REF and that affect recovery.

For Rodríguez, the most important thing about the REF "is the tax differential, the IGIC." In this regard, he indicated that if the same amount was collected in the Canary Islands as in the rest of the Spanish territory, instead of entering 2,500 million, 7,500 million would be entered.

Therefore, he stressed, "those 5,000 million difference are left to society, and that is the REF in its purest form." Although he pointed out that "for the first time" all the REF's economic programs have a budget allocation, he recognized that some fiscal aspects require "clearer regulations", such as triangular trade.

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