On the other hand, the Basque Government paid the State a quota of 932.3 million euros last year. Thus, at the end of the financial year, the liquidation of the contributions stood at 11,598.8 million euros, 594.9 million more than those initially budgeted.
The forecasts have been met and the accumulated collection of concerted taxes in the three territories of the Basque Autonomous Community has risen again with respect to the previous year. In 2021, the estates of Álava, Bizkaia and Gipuzkoa collected €17.13 billion —two years ago they raised 15,963.2 million euros—, 7.3% more. This figure represents 21.4 million euros more than those forecast in October.
The representatives that make up the Basque Finance Council have met today to analyze the accounts of the past year and set the guidelines for this 2023. According to the information released after the meeting, the collection of Personal Income Tax (IRPF) increased by 6.3% (6,497,697,730 euros) and that collected by Corporate Tax (1,351,266,883 euros), 17%. In the case of indirect taxes, total VAT collection increased last year by 10.6% compared to 2021.
Álava collected 2,729.2 million euros (+ 9.7%) from concerted taxes; Bizkaia 8803.5 million euros (+ 8.2%); and Gipuzkoa 5,598.1 million euros (+ 4.8%).
On the other hand, with regard to excise taxes, its overall collection from own management decreased by 1.7% due, on the one hand, to the drop in collection from the excise tax on electricity (-69.6 %) and, on the other, to the reduction in income from the special tax on hydrocarbons (-3.1%).
In view of the closing of collection in 2022, the General Adjustment Fund will be endowed with 98.3 million euros, and will be distributed between Álava and Gipuzkoa, corresponding to 12,367,769 and 85,929,333, respectively.
Regarding the Quota paid to the Spanish State, the amount paid amounts to €932.3 million. All in all, at the end of the financial year the liquidation of the contributions stood at 11,598.8 million euros, 594.9 million more than those initially budgeted.
Source: Eitb
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