The Basque Finance Council expects to exceed 9.3% the collection initially planned and estimates that the income obtained through taxes will be even higher in 2022. The extra money will allow the reinforcement of investment and the relaunch of the economy.
The Provincial estates will enter this year 1 328.8 million euros more than initially expected (+ 9.3%) to reach 15,578.8 million, an extra money that will be used to boost investments, avoid debt and manage “with greater peace of mind.”
The Basque Finance Council (CVF), a body that brings together the Basque Government, the councils of Álava, Bizkaia and Gipuzkoa and Eudel, has also presented, at today’s meeting, the forecast for the collection of taxes arranged for next year. The Council expects that the collection will evolve “in line with the economic expansion forecast for 2022”, so it is estimated that, next year, the income obtained through taxes will be 4.6% higher than in 2021, reaching raise up to 16,290 million euros.
The Minister of Economy and Finance, Pedro Azpiazu, the CVF explained in the subsequent press conference that these figures will allow budgets “in the key of public investment, relaunching the Basque economy and welfare”, will help to “recover the levels lost by the pandemic”, and give ” a strong impulse to the necessary economic transformation “.
It has appealed, in any case, to make a “responsible” use of these resources, because although this year and next year the deficit targets, it is foreseeable that they will be imposed again in 2023, while he has called to avoid “a runaway” of the debt “because then it must be paid.”
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.
