Specifically, 9,939.38 million euros are allocated to the Financial Facility (FF) compartment and 6,864.99 million euros to the Autonomous Liquidity Fund (FLA).
The total amount of 16,804.3 million euros will be distributed among the autonomous communities adhered to the Financing Fund as follows:
The communities that meet the requirements to qualify for the Financial Facility compartment are Aragón, Baleares, Canarias, Cantabria, Castilla-La Mancha, Castilla y León, Catalonia, Extremadura, Galicia and La Rioja.
The communities of Murcia and the Valencian Community remain in the FLA, where Andalusia is incorporated, which yesterday requested its voluntary adhesion to this compartment.
The other communities (Madrid, the Basque Country and Navarra) have not requested financing from the 2020 Financing Fund.
Nor is an allocation for Asturias included, which has communicated its intention to cover its 2020 financing needs by going to the markets.
Remember that on July 5, 2018, the CDGAE established
the conditions for the exit to the markets of the Autonomous Communities that met certain requirements, a movement that several regions have begun to make. This measure has reduced the need for resources from the Financing Fund of the Autonomous Communities.
The estimated initial needs of the Financing Fund for the Autonomous Communities for all 2020 amount to 31,319.86 million euros.
Extension of loan terms
The improvement of the financial conditions of the credit operations formalized in the first quarter of 2020 with charges to the FF and FLA compartments has also been approved at today's CDGAE meeting.
Among the novelties of these conditions, the term of the loans is extended from 10 to 12 years and the lack is extended from two to four years, during which the Autonomous Communities will not return repayments of the loans that are formalized by the Financing Fund to the Autonomous Communities 2020.
These measures meet the CCAA's requests regarding the terms of the Fund and are in the line of facilitating in the future a recovery of the financial autonomy of the autonomous communities in the markets.
In addition, the conditionality collected in previous years has been eliminated, except for certain aspects that are maintained and that directly affect the relationship with sustainability, budgetary stability and transparency of public accounts, as well as in relation to the guarantee in the provision of the fundamental services.
