Fiscal Policy Council

The debt of 2008 and 2009 together is 24,000 euros. The Government wants that the CC AA set an expenditure ceiling rule. The State can impose on the autonomies budgetary stability. The Instituto de credito Oficial (ICO) will finance half of the debt of the autonomous regions corresponding to the clearance of the accounts of 2008 and 2009, together amounting to around 24,000 million euros, has informed the Minister of economy of Castilla y Leon, Pilar de el Olmo. In a recess of the financial and Fiscal Policy Council, the counselor has said that the autonomous communities governed by the PP have abstained in the vote on the spending rule submitted by the Government, for being a totally different and generic proposal. Del Olmo, spokesman Wednesday of these communities, has reported that such abstention is also due to that the transfers that the Government allocated for the financing of the autonomies in 2012 budgets you don’t know today. The Minister pointed out that the Government does not provide the postponement to ten years of what must the autonomies by the negative liquidation of 2008 and 2009, which together totalled nearly 24 billion euros the news source: ICO will finance half of the AA CC with the State debt