Investor Presentaiton
Autonomous Regional Financing System and additional transfers
By 2024, the Autonomous Regions will receive an amount of 154,467 million euros (+14.9% YoY): 134,658 million euros
in State account transfers, plus 20,746 million euros from the positive liquidation of the 2022 financial year. These
resources will enable the regions' budgetary situation to improve significantly, in a context where the reference rate for
the Autonomous Regions has eased to -0.1% of GDP.
State account transfers, 2019-23 (EUR mn)
Extraordinary transfers in 202-2022 (Єm)
2022
2019
Catalonia
Galicia
Andalusia
19.020
7.431
19.218
7.557 8.080 8.788
19.636 20.943 23.245
2020 2021 2022 2023 2023/2022 2023/2019
19.685 19.711 21.057 23.380
7.595
19.748
11,0%
22,9%
8,8%
18,3%
2017 VAT
liquidation
Estimated 2020
liquidation
2021
Extraordinary
Fund
2020
Covid Fund
Andalusia
-537
-1.261
2.358
2.199
11,0%
21,0%
Aragon
-80
-278
403
431
Asturias
2.740
2.794
Cantabria
1.805
1.845
1.842 1.987
2.761 2.924 3.216
2.159
10,0%
17,4% Asturias
-86
-150
308
299
8,7%
19,6%
Balearic
-78
0
330
438
Canary Islands
0
0
629
551
La Rioja
971
998
992 1.071 1.165
8,8%
20,0%
Cantabria
-46
-146
168
177
Murcia
3.138
3.259
3.220 3.412 3.812
11,7%
21,5%
Castile and Leon
-182
-373
741
843
Valencia
9.433
9.788
9.731 10.270 11.653
13,5%
23,5%
Castile La Mancha
-130
-369
605
743
Catalonia
-443
-538
2.161
3.171
Aragon
3.540
3.646
3.630 3.860 4.275
10,8%
20,8%
Extremadura
-86
-213
318
277
Castile-La Mancha
4.923
5.056
5.016 5.333
5.917
10,9%
20,2% Galicia
-204
-392
828
735
Canary Islands
4.540
4.740
Extremadura
3.069
Balearic
1.980
Madrid
Castile and Leon
TOTAL
14.432
6.494
102.735
4.703 5.047
3.123 3.096 3.315
2.096 2.092 2.148
14.814
6.617
105.803
5.591
10,8%
23,1% Madrid
-377
-496
1.864
3.346
Murcia
-85
-86
422
389
3.613
9,0%
17,7%
Rioja
-20
-104
94
127
2.479
15,4%
25,2%
Valencia
-281
0
14.993 15.755 17.287
9,7%
19,8%
Total
-2.635
-4.407
1.400
12.629
1.486
15.212
6.542 6.936 7.635
105.523 112.138 124.215
10,1%
17,6%
Excess announced
-465
0
0
10,8%
9,2%
Announced transfers*
-3.100
-4.407
12.629
15.212
Source: Ministry of Finance
* For 2022, the negative sign refers to the loss of the regional governments to be compensated by transfers.
25View entire presentation