The Spanish government, through the Ministry of Finance, will allow eight autonomous communities to mobilize around 4,000 million euros from their budget surpluses to invest, including in housing. The announcement was made by the Treasury minister, Arcadi España, after the Council of Ministers meeting.
The eight autonomous communities that will benefit from these measures are Asturias, Canary Islands, Navarra, Basque Country, Andalusia, Balearic Islands, Cantabria and Galicia. These are regions governed by different parties, some of them with governments of the Popular Party.
This decision comes in a context of pressure from the Government on the PP regarding the issue of regional financing. The Executive intends to stimulate the economy through these investments in the autonomous communities.
The financial resources come from the surpluses accumulated by the communities themselves, allowing them now to use these funds for investment projects, with special emphasis on the housing sector.



