Spain Investment Immigration focuses on Spain's Economic Trends: Andalusia is the most favored.
According to a report from "20 Minutes" on September 30, the Spanish central government has officially released the 2014 budget, detailing the amounts allocated to each autonomous community, with La Rioja seeing a budget increase of 42.44%. In contrast, the budgets for Madrid and Catalonia have been significantly reduced.
The Minister of Public Administration and Finance, Cristóbal Montoro, announced the budget allocations for each autonomous community. In 2014, the central government will allocate €12.094 billion to 17 autonomous communities and 2 autonomous cities. This represents a decrease of 7.1% compared to the €13 billion budget allocated by the central government in 2013.
The budgets allocated by the central government to local areas are primarily based on projects reported by local governments, with some regions experiencing budget cuts of up to 30%, while others have seen increases of 42%.
The region with the largest increase in central budget allocation is La Rioja, which has grown by 42.33% compared to 2013. Other regions that also saw budget increases include Navarra (39.46%), Cantabria (24.22%), Ceuta (15.64%), Melilla (8.17%), Extremadura (6.28%), Andalucía (4%), and Galicia (3.43%).
In contrast, the Asturias region experienced a budget decrease of 31.58% compared to 2013, with Murcia following closely with a decrease of 26.96%, and the budget for the Catalonia region being reduced by 25.46%. The budget for the Castilla-La Mancha region also decreased by 19.75%.
The capital Madrid saw a budget reduction of 12.75%; Castilla y León experienced a decrease of 12.11%; Valenciana (-8.15%), País Vasco (-7.74%), Baleares (-5.69%), and finally Canarias (-4.79%).
In terms of total amounts, the Andalucía region receives the largest budget, with €1.7 billion from the central government in 2014, accounting for 17.3% of the total budget. The second largest is Castilla y León, with €1.4 billion, making up 14.3% of the total. Galicia ranks third, receiving €1.4 billion, which is 13.8% of the total. Regions receiving less than €1 billion include Catalonia with €950 million, Madrid with €910 million, Valencia with €610 million, Castilla-La Mancha with €490 million, and Aragón with €360 million.
Other regions' budget allocations are as follows: Extremadura €350 million (3.6%), Basque Country €320 million (3.3%), Murcia €300 million (3.1%); Asturias €290 million (3%); Canarias €250 million (2.6%), Cantabria €197 million (2%), La Rioja €91.7 million (0.9%), Islas Baleares €74 million (0.8%), and the lowest is Navarra with €50 million (0.5%). Additionally, the two autonomous cities, Ceuta and Melilla, will receive €510 million and €280 million from the central budget, respectively.