Basque and Spanish governments agree to make the Leen limit of Euskadi more flexible to 15 %

The Basque government and the Spanish director have agreed to limit the debt burden, so that Euskadi can exceed up to 15 % of the objective of the financial enlightened for each year within the mixed committee of the Economic Concert. That agreement arrived during the meeting that took place on Thursday at the Ministry of Finance between the first Vice President and Minister, María Jesús Montero, and various member of the Vasco Executive Frame of the Basque State-País Mixed Commission.

As reported by the autonomous executive power, with the flexibility of the debt tax limit “the general principles that arrange the agreements with regard to Euskadi’s stability obligations have been updated within the framework of the online economic concert with the recent process of assessment and adjusting the framework of the tax rules of the European Union.”

And they have established that, in the event that a new agreement in the mixed committee is not passed, to set the deficit and the public debt objectives of the following exercises, the obligations and objectives that have been adopted in the last agreement for the last of the exercises you understand are maintained in a “preliminary” objective.

They also agree that “their own and differentiated objectives of budgetary stability will always be recognized for the regional deputations in response to the competence that corresponds to them according to their historical rights.”

Basque quota, neutral in light of debts

On the other hand, they promised during the meeting to ensure that in the next renewal of the Basque quotum methodology there will be “financial neutrality of the effects” that can be blamed for the cloud of the government of Pedro Sánchez for the autonomous communities of the common regime, including no Euskadi.