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Home Europa Press

The Government of the Canary Islands begins to prepare the 2024 budget and includes the reduction of the IGIC

July 18, 2023
in Europa Press
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The Government of the Canary Islands begins to prepare the 2024 budget and includes the reduction of the IGIC
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SANTA CRUZ DE TENERIFE, July 17 (EUROPA PRESS) –

The Vice President of the Government of the Canary Islands and Minister of Economy, Industry and Commerce, Manuel Domínguez (PP), announced this Monday that the Executive has already begun to prepare the budget for next year, which will include a reduction in the IGIC, as promised government partners during the electoral campaign.

In a press conference in which he was accompanied by the president, Fernando Clavijo, to give an account of the agreements of his first Governing Council, Domínguez has indicated that the objective of the measure is to return the “great” effort that they have made citizens in recent times and that has caused that in the autonomous community “more than ever has been collected”.

However, he has indicated that, through the Minister of Finance, Matilde Asián, he has informed them that next year the fiscal adjustment rules will be recovered, which may curtail the expected economic activity since the indebtedness capacity and the use of the treasury. “We did not have that information,” she stressed.

Thus, he has admitted that the recovery of the fiscal rules can “harm” the plans of the Government, although he understands that the final decision may also be marked “depending” on the result of the next elections, since measures can be taken in a particular way in Spain and It will also be necessary to consider the accounts that are presented to the European Commission. “This way there will be more or less flexibility,” he pointed out.

Domínguez has confirmed that within the tax relief plan “alive, dynamic and adapted to the times” defended by both CC and PP, the 99% bonus to gift and inheritance tax will be approved and that the fuel tax will also be reduced in the ‘green islands’ to lower fuel prices.



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