The Council of Ministers approved on Tuesday the autonomic debt removal through the draft organic law, for a value of 83,252 million euros, which assumes the State. This measure, which was already previously approved by the Fiscal and Financial Policy Council (CPFF) last February, does not mean “any grievance with any part of the territory” nor a favor treatment towards Catalonia. The First Vice President and Minister of Finance, María Jesús Montero, defended that the Plan responds to objective criteria and will allow savings of up to 6,700 million in interest for regional governments.
The proposal, formalized by means of a draft Organic Law, provides that the State assume a quarter of the debt of the common regime communities. “It is demonstrated that it is false that the foronation benefits Catalonia and harms the rest of Spain,” Montero said. According to the minister, even regions that do not have debt contracted through the Autonomous Liquidity Fund (Fla), such as Madrid, may be favored.
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75% of the amount assumed by the State (around 60,000 million) corresponds to communities governed by the Popular Party, which according to Montero reinforces the impartiality of the measure. The condom equivalent, on average, to 19% of the total autonomous debt.
Andalusia will be the community with the greatest remove
María Jesús Montero explained that Andalusia will be the community with the greatest remove in absolute terms, with 18,791 million euros. On the other hand, the Valencian Community will be the most benefited per inhabitant, with 2,284 euros. Canary Islands, meanwhile, will see 50% of its debt, the highest percentage of the regional complex.
“That is, three territories where the PP governs, well presides over either co -government with other political forces. Where is the grievance? Where is the damage?” Asks the vice president in relation to the alleged partisan interests with whom they criticized the measure.
Regarding the Valencian Community, he stressed that there are no reasons to continue “trapped in that situation” financial when “it cannot go to markets”. He criticized the regional president, Carlos Mazón, for acting “to the dictation” of the PP leader, Alberto Núñez Feijóo.
Despite the initial rejection of the PP, the minister predicted that her regional governments will end up hosting the proposal. “As much as they say in the story, in the face of the gallery, in the end they will end up signing, because they know that it is good for the whole of the territory,” he said.
The Central Executive defends that this measure will serve to restore the financial and political autonomy of the communities, with the objective that they can borrow in the markets. “Let’s keep in mind that the flanfields, when chronificing, has become an anomaly,” Montero warned.
The Government provides approved at the beginning of 2026
The draft will be subjected to a public hearing to incorporate contributions from the autonomous communities. The Government plans to send the norm to Congress “before the end of the year” and definitely approve in the first quarter of 2026.
Once in force, the communities will have a “wide enough” term to take advantage of the remove. The State must then plan the new assumed debt, identifying its nature and the return deadlines.