Spend­ing bo­nanza for 2019

Last bud­get of leg­is­la­ture for coali­tion gov­ern­ment in Va­len­cia

Costa Levante News - - FRONT PAGE -

By Dave Jones THE RE­GIONAL gov­ern­ment has un­veiled a bud­get for 2019 which in­cludes €1.6 bil­lion in in­vest­ment projects.

Trea­sury coun­cil­lor Vi­cent Soler said this would see an in­crease of 44% on this year’s fig­ure

“This is the largest rise since 2011,” he noted.

This is the last bud­get which the rul­ing coali­tion of the So­cial­ist party (PSOE) and Com­pro­mís will pass be­fore the elec­tions in May next year.

The gov­ern­ment led by Ximo Puig claims that the in­vest­ments will lead to the cre­ation of 50,000 jobs.

One of the largest out­lays has been ear­marked for school build­ing, with €173 mil­lion avail­able for the Pla Ed­i­f­i­cant scheme.

Sr Soler said this will al­low them to re­place tem­po­rary class­rooms with bricks and mor­tar schools in many ar­eas.

There will also be more class­rooms avail­able for ba­bies aged up to three years old as Va­len­cia moves to in­crease fa­cil­i­ties for work­ing par­ents.

He ex­plained that €35 mil­lion has been set aside for their strate­gic plan for in­dus­try, with an ad­di­tional €13 mil­lion to boost the pro­duc­tion of re­new­able en­ergy in the re­gion.

Va­len­cia’s pub­lic bank will re­ceive €75.7 mil­lion to pro­vide credit for busi­nesses, com­pa­nies and ‘vul­ner­a­ble peo­ple’.

Debt­rid­den town halls will be able to bid for aid from a pot of €10 mil­lion. Sr Soler ex­plained that fund­ing for the run­ning of re­gional gov­ern­ment de­part­ments will in­crease by 9.9% com­pared with last year to a to­tal of €16.7 bil­lion

This is to en­sure that ‘qual­ity pub­lic ser­vices’ are avail­able

For health, Sr Soler noted that for the first time 20% of the bud­get will go to lo­cal health cen­tres and men­tal health projects.

Fund­ing will be also be used to elim­i­nate co­pay­ment (co­pago) of pre­scrip­tions for low wage earn­ers.

The money avail­able. for hous­ing will rise from €20 mil­lion to €40 mil­lion.

De­spite the in­crease in spend­ing, Sr Soler noted that the huge pub­lic debt which the coali­tion gov­ern­ment in­her­ited is still eat­ing into the cash they have avail­able for pub­lic ser­vices.

Their obli­ga­tions will see them stump up €5.2 bil­lion this year to re­pay the banks – an in­crease of 13.5% on last year.

Sr Soler lamented that this is the third largest out­lay they have to make, with only the bud­gets for health and ed­u­ca­tion re­ceiv­ing more money.

Vi­cent Soler with vice­pres­i­dent Mónica Ol­tra an­nounc­ing the bud­get for 2019

Newspapers in English

Newspapers from Spain

© PressReader. All rights reserved.