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Spain News Today

Spanish news in English

Friday, September 20, 2024

Catalonia's New Financial Agreement Sparks Debate

Published: 2024-09-04

The Spanish government is facing intense scrutiny over a new financial agreement with Catalonia, which has been described as a "singular financing" model.

Vice President and Finance Minister María Jesús Montero defended the agreement, emphasizing that it is not a "concierto" but a development of the existing Estatut.

The deal allows Catalonia to collect 100% of its tax revenues, a move that has drawn criticism from opposition parties like PP and Vox, who argue it could disadvantage other regions.

Montero insists the agreement maintains inter-territorial solidarity and equality.

However, the pact has stirred tensions within the government and among its allies, with parties like Junts demanding clarity and full adherence to the agreement.

The government argues that this deal restores "institutional normality" in Catalonia, moving away from past grievances.