SANTA CRUZ DE TENERIFE, Oct. 3 (EUROPE PRESS) –
The Popular Party of the Canary Islands (PP) presented its fiscal relief plan on Monday to deal with the effects of inflation and ensure that families and companies on the islands “make it to the end of the month”.
This has been exposed to the media by the president of the formation, Manuel Domínguez, and the economic spokesman, Fernando Enseñat, who have charged against the economic mismanagement and low budget execution of the regional Executive.
The plan consists of a temporary drop in the general rate of the IGIC from 7% to 5%, the drop in the electricity IGIC to 0% for all customers, the telecommunications IGIC from 7% to 3%, and the IGIC for canned food from 3% to 0%, the recovery of the 99% bonus for the inheritance and donation tax, the deflation of all the income tax brackets or the elimination of the Wealth Tax, among others.
Domínguez has warned that in 2023 growth in the archipelago will drop and the effects of inflation will be felt even more, with the aggravating factor of the rise in Euribor and interest rates, to which are added the bad rates budget execution of the regional government.
He has described that as of August 31, the execution is 56% but in the investment chapter it is especially “scandalous” with just 17.5% and only 131 million and the same happens with Housing, which remains at 22, 8%, with a total of 43 million.
Faced with this situation, he commented that the collection of the IGIC breaks a record with a total of 1,265 million in the first eight months of the year, 61% more than in the same period last year and 20% more than before the pandemic, apart from the fact that 81% of the current year has already been covered.
In addition, Domínguez has commented that the public sector must lower the cost of the administration, which is why he has rejected the 3.5% increase in the salary of national deputies or the budget increases in the assistance contracts for the Canarian president, Ángel Víctor Torres , and the vice president, Román Rodríguez, with 17% and 234% respectively.
He has said that it is the “ideal time” to promote a tax relief plan given that the Government collects more than ever but leaves the money “in the banks and in the coffers of the administration.” “The Canary Islands do not have a problem of money but of management, this Government is a specialist in collecting more and managing poorly,” he added.
Enseñat has underlined that the Canarian economy has not recovered after the pandemic, with a GDP anchored in 2016 and a per capita income at 2014 levels, with 18,500 euros, 20% less than the national average, and although it has thanked the initiative of the central government and the canary to lower taxes believes that its measures are “improvised” and a “patch”.
