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23h ago

Spain Unveils Regional Financing Overhaul With Ordinality, €4.7 Billion Boost for Catalonia

The plan now heads to a CPFF review next week before an uphill parliamentary push that requires an absolute majority.

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El coordinador federal de Izquierda Unida y candidato de Por Andalucía a la Presidencia de la Junta, Antonio Maíllo, durante la atención a los medios este viernes en Sevilla.

Overview

  • Vice President and Finance Minister María Jesús Montero detailed a proposal injecting about €21 billion more into the autonomous financing system, with implementation targeted for 2027.
  • Catalonia would receive an additional €4.686–€4.7 billion under a model that embeds ordinality, while preliminary figures also point to gains for Andalucía (€4.846bn), Valencia (€3.669bn) and Madrid (€2.555bn).
  • The government argues all regions gain, but PP-led communities condemn the bilateral path with ERC and several PSOE figures, including Emiliano García-Page, object to ordinality.
  • Junts rejects the plan as insufficient and signals a full challenge in Congress, adding to a difficult vote that will require amending the LOFCA and securing 176 seats.
  • The meeting between Sánchez and Junqueras did not deliver full IRPF management for Catalonia, which remains pending and is discussed on a longer timeline.