The Cabildo of Tenerife will close 2023 with a budget deficit, according to AIReF

The Independent Fiscal Responsibility Authority (AIReF) foresees in one of its reports that the Tenerife Council will be one of the local corporations that will close the year 2023 with budget deficit and would need 2 million euros of financing in 2024.

This is clear from the report on the projects and fundamental lines of the Public Administration budgets in 2024 presented this week by AIReF, where a complementary examination of individual evaluation of local corporations is also carried out.

According to this study, the city councils of Malaga, Madrid and Seville will be the three large local corporations with the largest surplus in 2024, while the governments of Bilbao and Gijón would be the two municipalities that would need the most financing next year.

One of the lines that the report examines is the financing capacity or need of municipalities with more than 250,000 inhabitants, where the government of Malaga stands out, since AIReF predicts that next year it will have 17.4% of non-revenue income. financial, the largest figure of all.

Madrid follows, with 8.1% and then Seville (8%); Murcia (7.7%); the Provincial Council of Valencia (6.3%); the Barcelona Provincial Council (5.9%); Zaragoza (5.7%); Valencia (2.9%); L’Hospitalet de Llobregat (2.2%); Provincial Council of Seville (2%); Córdoba (1.9%); Valladolid and Vigo (0.4%); Las Palmas de Gran Canaria (0.2%) and Barcelona (0.1%).

According to these forecasts, the local corporations that would need financing in 2024 would be Bilbao, up to 19 million euros, Gijón (5 million), the Cabildo de Tenerife (2 million) and Mallorca (one million euros).

For 2023, AIReF estimates a deficit in the municipalities of Barcelona, ​​Bilbao, Valladolid, Vigo, the Provincial Council of Seville, the Cabildo of Tenerife and the Provincial Council of Vizcaya, with current information. The deficit in Valladolid, of more than 8%, and of the Provincial Council of Seville and Vigo, of around 5%, is especially relevant due to its weight on income.

According to the current estimates of the 25 large local corporations, eight common regime entities, the Bilbao City Council and two provincial councils would close 2023 with a deficit.

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