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PP Signs Zaragoza Pact Backing Valencian Exception, Vowing Financing Overhaul Within a Year

The stance rejects the government proposal that critics say sacrifices immediate funding for the region.

Overview

  • Regional PP presidents and Alberto Núñez Feijóo endorsed the Zaragoza Declaration, giving unanimous backing to an exceptional treatment for the Valencian Community linked to DANA damage.
  • The PP pledged to approve a new autonomous financing model within a year of taking office and to launch a transitional fund while the reform is completed.
  • Party leaders set red lines that include preserving regional fiscal autonomy and refusing any model that restores taxes scrapped in Valencia, such as inheritance tax or IRPF increases.
  • The PSPV accused Juanfran Pérez Llorca of capitulating to party leadership and turning down available funds, citing €3,669 million earmarked for the region and a broader €21 billion package.
  • Valencian business group CEV called the government’s offer a step forward and urged negotiation, highlighting the need for a temporary equalization fund and debt relief tied to underfunding.