The distribution of the bank tax by GDP, agreed with Junts, subtracts 18% of the amounts from Castile and León.

The criteria for the distribution of the bank tax collection based on the gross domestic product (GDP) of the autonomous communities subtracts 18 percent from the amount that would correspond to Castile and León if this distribution took place according to the regional tax system. financing which, according to Treasury calculations, is the model still used today.

This new distribution was agreed by the government with pro-independence Junta MPs to be able to implement part of its fiscal package, which includes a new tax on financial institutions. It is Catalonia, together with Madrid, that will benefit most from the new criteria.

In particular, based on the weighting of various variables such as dispersion or aging of the population, the regional financing system currently in force sets the adjusted population in Castile and León at 5.8 percent, which means that this percentage reaches the Community as a means received from the model (supplies to account), and in the distribution of other amounts that the Government has for the territories.

However, the nine provinces’ GDP is 4.77 of the national figure, which implies a one-point weight reduction and, with it, an 18 percent reduction in the funds that would be received using the regional funding criterion.

The new distribution of the tax, which is expected to generate 1.720 million euros, will particularly benefit Catalonia and harm to varying degrees the eleven general regime autonomies, but especially Andalusia. Madrid will also receive more funds, while the effect will be neutral in the Balearic Islands and La Rioja, according to a study carried out by the council known as Ical.

In particular, the Catalan Generalitat will see an increase in transfers of this tax by 32.6 percent compared to what would correspond to it with a financing system, since its GDP is 19.5 percent of the national GDP and its population has adjusted weight at 14.7 percent . In the case of Madrid, the difference in collection will be 10.4 percent due to the difference between its domestic product (19 percent) and adjusted population (17.2 percent).

In the case of the loser’s car, Extremadura will clearly suffer, whose amounts will fall by 32 percent, since while under the financing model it would receive 2.5 percent of the funds, under the new model it would receive only 1.7 percent.

The next largest percentage cuts are Andalusia, the Canary Islands and Castile-La Mancha – about 28 percent. Murcia and Asturias will lose 21 percent, Galicia 20 percent, and the Valencian Community and Cantabria about 15 percent. Aragon’s expectations will drop by just 3 percent.

The Junta de Castilla y León explains that this new distribution “deepens the inequality between the autonomous communities, benefits the richest, among whom is Catalonia, and does not take into account the spending needs of each territory created in the adjusted population of the regional financial system.”

In this sense, the Treasury condemns the fact that the allocation criteria were agreed upon bilaterally rather than in established forums, and points out that the new allocation “harms all those communities whose spending needs exceed their GDP, including regions that are facing demographic problems.” ”, which implies “a violation of the principle of solidarity and equality of all citizens in access to quality public services, wherever they live.”