Bizkaia ends 2024 with 9,409 million raised, 1.9 million less than the previous year

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As indicated by the regional institution, it has faced a series of “major turbulences” in the 2024 financial year, such as VAT fraud in the Hydrocarbons sector or refunds to mutual members, “which demonstrates the strength of the “Historic Territory of Hydrocarbons ‘. Bizkaia”.

The net collection of taxes agreed in Bizkaia until December 31, 2024 has been determined 9409 million euroswhich is 1.9 million less than in 2023, when the historical record was reached with 9,410.9 million. This collection shows that the planned budget for 2024, which amounted to € 9,829.5 million, has been 95.7% realized.

As reported by the Provincial Council of Bizkaia, we have faced a series of problems in the 2024 budget year “significant turbulencesuch as the VAT fraud in the Hydrocarbons sector or the almost 400 million euros refunded to people who made contributions to a mutual insurance company before 1978, which demonstrates the strength of the Historical Area of ​​Bizkaia”.

The final collection figure for 2024 already includes payments from the internal adjustments to the Premium Act and amounts to 1,076.6 million euros. The distribution of these adjustments amounted to 940.4 million for Gipuzkoa and 136.2 million for Álava.

The collection in 2024 direct taxes amounts to 4,860.1 million euros, 0.3% less than in 2023, “a collection influenced by the returns to mutual members, which has led to a remarkable increase in the negative amount of the income tax deviation”, according to the Provincial Council . out.

On the other hand, the final collection for indirect taxes amounts to EUR 3,373.0 million, 0.9% lower than last year, and regarding Adjustments with the State 1,114.7 million have been raised (5.0% higher than what was raised in 2023).

Source: EITB

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