Torres says that the low debt of the Canary Islands allows it to respond to the risk premium

The president has responded that the good management of resources is an indisputable premise, but the first thing is not to cut back on essential basic services

EFE Santa Cruz de Tenerife

«We can go to 300 risk premium points»the president of the Canary Islands, Ángel Víctor Torres, commented this Tuesday, and to maintain the welfare state in such an eventuality, the low debt of the Autonomous Community allows it to “respond” if necessary.

Torres has thus responded in plenary session of Parliament to the spokesman for Nueva Canarias,
Louis Fieldswho highlighted that the public debt of the Canary Islands, 14.4 percent of
GDP in the first quarter, it is the lowest among the autonomous communities and despite this it has not cut but reinforced the s
public services and maintains expansive budgets without raising taxes.

The president has responded that the good management of resources is an indisputable premise, but the first thing is not to cut back on essential basic services.

In this way, he continued, in the Canary Islands they dedicate for the first time
4,000 million euros to health2,000 million to education and "have doubled and tripled" social policies for the most vulnerable sectors.

But before the
inflation situationdifficulties with raw materials and rising interest rates, "a government with backs" is necessary to go into debt and maintain the welfare state if necessary in the coming months, he pointed out.

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