The Basque Council of Finance puts the income forecast for this year at 18.3 billion, a figure that rises to 19.7 billion in its estimate for 2025.
This year the estates of Álava, Bizkaia and Gipuzkoa are being collected 18.3 billion of euros, 700 million less than initially planned, according to the cut-off tax revenue forecast of the Basque Council of Public Finances (CVF), which has attributed this drop to the impact of the refunds to pensioners that the Court has forced. to compensate for improper deductions in the past.
The Basque Council of Finance, composed of the Basque Government, the Provincial Councils and the Association of Basque Municipalities-Eudel, has also set the revenue forecasts for next year, which in this case are set at 19,718 euros.
During the press conference after the Council, the Minister of Finance and Finance said: Noël d’Anjouhas emphasized that the forecast for tax collections in 2024 “would have been very positive” had it not been for the impact of refunds to pensioners who made contributions to mutual societies before January 1, 1979, refunds made in accordance with various rulings . of the Supreme Court, and the estimated amount of which is approximately 800 million euros for the entire Basque Autonomous Community.
The Basque government has emphasized that “despite the remarkable impact” of these returns on the 2024 collection, tax revenues have increased “slightly”. compared to 2023, when EUR 18,212 million were imported.
In turn, he indicated that the three provincial councils “have demonstrated their solvency, as they have been able to update their accounts relating to the reimbursement to pensioners for the 2023 financial year and have not expired.”
The estimated collection closure for 2024 amounts to a implementation of 96.3% of the budgeted collection from a year ago (699.3 million euros less).
With all this, at next Tuesday’s meeting the forecasts for the settlement of the collection of the agreed taxes for the year 2024 were approved, amounting to 18,300 million euros, compared to the initially planned 19,000 million.
This amount is divided over the income from IRPF (6,916 million euros), Corporate Tax (1,760 million euros), VAT (6,912 million euros), Special taxes (1,543 million euros) and the rest of the taxes (1,167 million euros).
The majority of the collection corresponds per territory Bizkaia (9,457 million euros)followed by Gipuzkoa (6,021 million euros) And Álava (2,822 million euros).
As for the predictions for next yearIn absolute figures, it is estimated that the provincial councils will collect 19,718 million euros through joint taxes. Sales growth is expected to be 3.8 percentage points higher than the 2024 budget.
This forecast is 7.7% higher than the actual final forecast for 2024, prepared by the Basque government, which assumes a 4.3% increase in nominal GDP in 2025.
As for the contributions from the provincial councils to the joint institutions, a global amount of 13.2 billion euros in 2025according to the following horizontal contribution coefficients: 16.04% for Álava, 50.37% for Bizkaia and 33.59% for Gipuzkoa.
The prediction of General Adjustment Fund in 2025 this will amount to 178 million euros. The financing of this fund will correspond in a 70.81% to the Basque government and the rest to the provincial councils. This amount will be divided between the historical areas of Álava and Gipuzkoa, which corresponds for the time being 100.4 and 77.6 million euros respectively.
Source: EITB
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