The Spanish Government approved on Friday in the Council for Fiscal and Financial Policy (CPFF) the new regional financing model, after more than six months of deliberation between the State and the Autonomous Communities. This new model contemplates an additional amount of 21,000 million euros in the financing of the regions.
The project will still have to go through the Council of Ministers and the Congress of Deputies to come into force. The Executive needs an absolute majority in this chamber, something it does not have guaranteed, according to government plans.
The planned date for entry into force is next January 1. However, the uncertainty about approval in Congress raises doubts about the viability of this calendar.
The Treasury has already previously drawn up a breakdown of the funds that each territory will receive under this new regional financing model.
