fiscal deficit

Catalonia: the conflict is democratic, not nationalistic

Eduardo Reyes's picture

In the last five years we have seen that the pro-independence movement in Catalonia, one of the most productive regions of Spain, has grown in a significant way. Some claim to see this as a sign of a lack of solidarity or of nationalistic selfishness, not understanding the real reasons which have brought us to this situation.

Catalonia has always led democratic reforms in Spain, and has contributed in a big way to solidarity with the rest of Spain's regions with its efforts. However, in 2010, after the verdict of the Constitutional Court against our self-government, it became evident that it was impossible to continue progressing towards a quasi-federal model within the current Spain

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Fiscal balances: an issue on the table

Marta Espasa's picture

A fiscal balance is a tool that measures the central government's redistribution impact among the Autonomous Communities. That is to say, this allows one to know the expenditure made by the central government in a given territory and the fiscal revenue obtained from that territory. The fiscal balance is the difference between the expenditure allocated and the revenue collected by the central government in a specific territory. Therefore, when an Autonomous Community posts a fiscal deficit, it means that the revenue the central government obtains from that territory is higher than the expenditure it makes. At the same time, a fiscal surplus indicates that the revenue obtained is lower than the expenditure.

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The fiscal drainage of Catalonia

Núria Bosch's picture

Catalonia suffers from a significant fiscal drainage towards Spain in the form of a large fiscal deficit. This is the difference between the Central Government’s public sector spending in Catalonia and the resources extracted from this Autonomous Community, mainly through taxation, by the Central Government.

Fiscal deficit data, all calculated using the same methodology, is available from 1986 until 2011. The average for 1986-2011 is 8% of GDP with a standard deviation around this average of only 0.9. Therefore, one can speak of a structural fiscal deficit that affects the Catalan economy recurrently.

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We have the right to decide

Francesc Homs i Molist's picture

Beginning a new era, that of Catalonia’s right to decide its future; a first step in this direction is the Catalan Economic Agreement. This is the political proposal of Convergència i Unió for the future that is already here.

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