The Basque institutions will decide today on the destination of the 400 million energy and bank costs

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The Basque Finance Council will meet this Wednesday to analyze and define what should be the distribution across the territories of what will be collected in 2023 and 2024 through temporary banking and energy tariffs.

Euskaraz irakurri: EAEn gaur jakingo da banku eta energie enpresen tasen bidez lortuko diren 400 milioiak nora bideratu

The Basque institutions will study today what will be the fate of the more than 400 million it is estimated that Euskadi could receive in two years through the new taxes approved in the last Mixed Concert Commission for companies energy and banks.

The Basque Council of Finance, in which the institutional levels of the community are represented, will analyze this Wednesday how the funds obtained through these temporary tariffs will be spent, so that it can later be determined what the internal distribution should be between the areas.

It has been agreed in the Joint Commission that the Spanish state will finance the Basque Country to deal with the economic consequences of the war in Ukraine and the supply and supply problems caused by the pandemic.

This financing will amount to 6.24% of the volume of revenue collected by the state, generated by temporary taxes on energy companies and banks in 2023 and 2024. In these two years, the Basque Country could receive between 400 and 450 million euros.

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Source: EITB

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