Canary Islands government says 2023 state budget allocates more money to islands than ever before

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Las Palmas de Gran Canaria (EFE).- The Government of the Canary Islands assures that the general state budgets for 2023 allocate to the islands “the highest amount” ever allocated to the archipelago, with a total of 9,687 million euros, or 14% more than the previous year.

Vice-Minister of the Presidency and Government Spokesman, Antonio Olivera, said the budgets include an item of 844 million euros for the economic and fiscal regime (REF), higher than this year.

Likewise, for the first time, the Global Plan for Employment has reached 45 million euros, and the tax advantages of the Tax Network have been improved, with 718 million euros.

Also included are 400 million in direct investment in the Canary Islands, more than in the accounts for the 2022 financial year, with particular attention to ports, airports and stormwater infrastructure, Olivera said.

In capital transfers, an additional 470 million are included for the Canary Islands (210 million for roads and an additional 200 million corresponding to the execution of the 2018 decree on the road agreement).

Olivera also pointed out that the 6,500 million euros for regional funding, 24% more, allow more resources for the budgets of the autonomous community.

As he assured, the investment per inhabitant is maintained, so that the Canary Islands are among the communities that receive the most funds per inhabitant.

Other improvements included in the general state budgets also benefit the Canary Islands, such as the revaluation of pensions, the improvement of unemployment benefits and the minimum living income, and the funds for dependency and scholarships, a he listed. ECE


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