SANTA CRUZ DE TENERIFE, 29th April. (EUROPA PRESS) –
The Government Council of the Canary Islands gave approval on Monday, based on the proposal from the Minister of the Presidency, Public Administrations, Justice and Security, Nieves Lady Barreto, for the distribution of the Canary Islands Municipal Financing Fund for the year 2024, with an authorised expenditure of 375,149,256 euros.
This marks a 31.7 million increase from the previous year’s allocation, reflecting a 9.23% rise.
Furthermore, the Parliament of the Canary Islands will be informed about the expenditure authorisation, in compliance with Article 26.1 in relation to the first additional provision, section 1.b), of Law 7/2023, dated December 27, on the General Budget of the Canary Islands Autonomous Community for 2024.
1% of the total fund allocation will be deducted, as stipulated in Article 3 of Law 3/1999, dated February 4, of the Canary Islands Municipal Financing Fund, which will be paid by the competent department to the Canarian Federation of Municipalities (Fecam), totalling 3,751,492.56 euros.
The remaining allocation of the fund, amounting to 371,397,763.44 euros, will be distributed among the municipalities in the Canary Islands.
The fund allocation distribution is based on various indicators, including population at 68%; solidarity at 16%; peripheral insularity at 1%; territorial extension at 2%; protected natural spaces at 2%; tourist accommodation places at 2%; territorial dispersion at 5%, and school units at 4%.
