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canary islands fiscal rule criticised cpff

Canary Islands demands end to ‘incoherent’ spending cap

The Canary Islands government has attended the Fiscal and Financial Policy Council with a critical stance on the 2024 spending rules. Councillor Matilde Asián has denounced an ‘incoherent’ gap between income and allowed expenditure, forcing the region to generate a surplus for debt repayment. The regional executive is calling for flexibility to invest in public services, highlighting the impact of state wage agreements and the need for reconstruction on La Palma.

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