The Government, through the Delegate Commission of the Government for Economic Affairs (CDGAE), has agreed to allocate a total of 4,332.26 million euros to the Autonomous Communities for the third quarter of 2019 from the Fund for Autonomous Communities. .
Specifically, 2,343.42 million euros are allocated to the Financial Facility (FF) and 1,988.84 million euros to the Autonomous Liquidity Fund (FLA).
The total amount of 4,332.26 million euros will be distributed among the Autonomous Communities attached to the Financing Fund as follows:
The communities that met the requirements required to qualify for the Financial Facility sub-fund are Andalusia, Asturias, the Balearic Islands, the Canary Islands, Cantabria, Catalonia, Galicia and La Rioja.
On the other hand, the communities affiliated to the FLA are Aragón, Castilla-La Mancha, Extremadura, Murcia and Comunidad Valenciana.
The other communities (Castilla y León, Madrid, País Vasco and Navarra) have not requested financing from the 2019 Fund.
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 has begun to effect several regions. This measure has reduced the need for resources from the Financing Fund of the Autonomous Communities.
In this way, the support of the Central Administration is shown so that the better-off communities can gradually recover their financial autonomy in terms of indebtedness and reduce the need to avail themselves of the resources of the Financing Fund.
Extra-FLA
On the other hand, the CDGAE has agreed to provide an additional 956.25 million euros that will be used to cover the deviations in the 2018 deficit targets of the two Autonomous Communities that have failed to comply with this fiscal rule.
These resources, which constitute the Extra-FLA, come from the Autonomic Liquidity Fund, integrated into the Fund for Financing the Autonomous Communities.
Specifically, the CDGAE has authorized the modification of credit operations, in the form of a loan under this fund, to Murcia and Comunidad Valenciana.
This agreement will help the affected CCAA to comply with the payment deadlines provided in the regulations on delinquency.
Consequently, the distribution of the resources of the Financial Facility and Autonomous Liquidity Fund of the Autonomous Communities Financing Fund 2019 is modified by this agreement, according to the following table:
