Antoni Bassas' analysis: 'For now, we're stuck on the figure'

14/01/2026

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Today, the financing model presented by Vice President Montero, which stems from an agreement with the Republican Left of Catalonia (ERC), will be approved by the Council for Fiscal and Financial Policy (comprised of the Minister of Finance and the regional ministers of Economy). However, its approval does not mean it will be implemented immediately, as it will now have to be negotiated in Congress with all parties, and, as you know, the proposal currently lacks the necessary votes. The People's Party (PP) and Vox are fundamentally opposed to the system, while Together for Catalonia (Junts) believes it falls short.

The agreement means that the State is making 21 billion euros more available to the autonomous communities than before.with a dance of figures that means the 21 billion can be interpreted in many waysWhat criteria are used for the distribution? It hasn't been fully explained (it's about adjusted population, but adjusted in what way?), and we're left with one figure: the now-famous 4.7 billion for Catalonia (which is actually 4.686 billion). Andalusia would receive even more, 4.846 billion, and the Valencian Community 3.669 billion, with Murcia and Castilla-La Mancha also benefiting significantly. The absolute amounts and figures can be divided, and thus, for example, it turns out that Castilla-La Mancha would receive more money per capita than Catalonia. Ironically, the socialist García-Page, who governs Castilla-La Mancha, is feigning offense because Sánchez has agreed to this model with those who want to "break up Spain."

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Two things are clear: the agreement is an improvement for almost all the autonomous communities, and it still falls far short of the fiscal sovereignty that Esquerra promised at the conclusion of the investiture agreement with Isla. This is the page we are publishing today. with this expression of "mutation" of the pact between the PSC and Esquerrawhich stipulated that Catalonia would collect revenue and then pay the State a solidarity contribution. We're not there yet; we're focused on the figure, which is precisely what the Esquerra negotiators wanted to avoid when they said they didn't want to get stuck on the figure but on the model. The fiscal balances haven't even been published, which would allow the Spanish government to justify that it's logical to improve the funding of those who contribute far more than they need, as is the case with Catalonia.

We have a figure, which is insufficient given Esquerra's initial announcement, now reduced to "it's a first step," and it complicates matters for Junts because, As Xavier Trias said yesterday on Gemma Nierga, it's almost impossible to give up on the 4.7 billion"It's a bad deal, but perhaps it's the only one possible," he said. If the agreement doesn't improve during the parliamentary process, we will have witnessed yet another agreement—like others before it—with a realistic present and an uncertain future.

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Good morning.