The Joint Committee on the Economic Agreement met this Monday and agreed on the direction of fiscal stability of the Basque institutions for the next three years and on the agreement on the new taxes included in the tax system.
The Economic Agreement Joint Committeein which the Basque Government, the Provincial Councils and the Government of Spain participate, has agreed on the path of fiscal stability 2024-2027, with a deficit of 0.3% for the Basque Government and 0.1% for the Provincial Councils, and a 13% national debt for the regional executive over the next three years.
The Joint Commission met this Monday with the participation of the Ministers of Finance and Finance and the Minister of Administration, Digital Governance and Self-Government, Noël d’Anjou and María Ubarretxena, respectively, and the three general deputies, Ramiro González, Elixabete Etxanobe and Eider Mendoza , as well as representatives of the state government led by the First Vice President of the Government and Minister of Finance, María Jesús Montero, among others.
They were adopted unanimously during the meeting 13 agreements in three main areasincluding the amendment of the Economic Agreement to increase “the financial-economic self-government” of Euskadi, the participation of Euskadi in several extraordinary fairs in the field of education for a total amount of more than 50 million euros, and the establishment of the path of fiscal stability of the Basque institutions until 2027, “with permanent integration of their own deficit targets”. In 2025, 2026 and 2027 a deficit of 0.3% for the Basque government and 0.1% for the provincial councils, and a public debt of 13% for the Euskadi executive.
As the government and the councils have explained, “these figures correspond to what the Basque institutions have planned for the preparation of the 2025 budgets and cover the amounts considered for their design.”
The agreements also include the conclusion of three new taxes: the tax on liquids for electronic cigarettes and other products related to tobacco, the tax on the interest margin and commissions of certain financial entities and the additional tax to establish a level of global minimum tax for multinational companies. groups and large national groups
The Commission has committed to organize a new meeting of the Joint Commission in the United States maximum period of two months.
Source: EITB
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