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General budgets of State 2008

 

The Project of Law of the General Budgets of the State for the 2008.

 

Pedro Solbes taking pen of 213 megas with the Budgets of the 2008     Much sense of expectancy in the delivery of the Budgets of the State for the 2008 existed, because the economy by diverse reasons and circumstances is being during the last months more protagonist of the habitual thing. The American real estate crisis, that is causing financial turbulences at world-wide level, and which still the effects are not known with clarity in the medium and long term; the involution on the part of the government of social policies with evident budgetary repercussions and the high investments that the State is going to destine the next year to Catalonia and Andalusia has created a climate of high interest and curiosity to know the numbers that lock up the budgets for the 2008.

    The last budgets of the legislature already can be said that the Congress and contents in a pencil of memory of 213 megas are in that Pedro Solbes has given to the president of the House of Representatives, Manuel Marin.

    Solbes in their press conference was optimist of the economic data and I affirm that the Government continued maintaining the estimation that the Spanish economy will grow the next year a 3.3%. It is important to indicate that this forecast was previous to the economic turbulences fruit of the American real estate crisis and although the IMF warns that the damage of these financial turbulences glimpses for the next year and are reviewing to low its forecasts, the government, in spite of it, does not lower in its estimations of growth and returns to give its number of 3.3%. This number supposes 5 less tenth than the present exercise and 6 less than the one of the 2006. We are speaking of referred data to the forecast of the evolution of the Gross Inner Product (PIB).

    The primary targets in which it is going away to work according to announce the government are the social protection, the aid to the development and to stimulate the economic growth and the productivity.

    In the following table we have a territorial distribution of the real investment for exercise 2008. It is ordered in sequence descendant in the increase of the million Euros that each territory in the 2008 with respect to the 2007 will receive.

Territorial distribution of the real investment in 2008

Total that receives (Million Euros)

Increase with respect to the 2007 (Million Euros)

Percentage increase with respect to the 2007

Andalusia 4345.41 752,74 20,95%
Catalonia 3625,61 667,87 22.58%
Valencian community 2346,30 469,63 25,02%
Castile and Leon 2189,19 304.82 16,17%
Galicia 1942.31 187.68 10,69%
Aragon 1200.60 147.31 13,98%
The Canary Islands 661,67 111.98 20,37%
Asturias 1018.25 89.31 9.61 %
Castille-La Mancha 1275.81 85.59 7,19%
Murcia 820.80 66.37 8,79%
The Balearics 270.73 53.03 24,35%
Extremadura 679.32 50.79 8,08%
Cantabria 435.19 30.63 7,57%
Basque country 496.95 19.26 4,03%
Ceuta 81.84 13.14 19,12%
Navarre 151.42 10.91 7,76%
Madrid 2615.69 1.75 0,06%
Melilla 59.62 1.10 1,87%
La Rioja 187.94 0.61 0,32%

    Seeing this table the community that more increase will receive will be Andalusia, followed of Catalonia and the Valencian Community. The last positions would be for Madrid, Melilla and La Rioja that practically remain as they were.

    It is necessary to consider that Catalonia will receive another game of money, concretely 722.80 million Euros for projects that still there is to determine and for the liberation of tolls of freeways. If these 722.80 million were added, evidently the one that would increase more it would be Catalonia.

    This other table this ordinate according to the percentage increase with respect to exercise 2007. Therefore, taking care of this criterion, the Community that would grow more would be the Valencian with a percentage increase of 25.02%, followed of the Balearics, Catalonia, Andalusia and the Canary Islands, all of them with a percentage increase superior in the 20%. The territories that less grow following the criterion percentage, are Melilla, La Rioja and Madrid. The capital of Spain only increases 1,75 million Euros, which supposes a percentage increase of the 0.06.

Territorial distribution of the real investment in 2008

Total that receives (Million Euros)

Increase with respect to the 2007 (Million Euros)

Percentage increase with respect to the 2007

Valencian community 2346,30 469,63 25,02%
The Balearics 270.73 53.03 24,35%
Catalonia 3625,61 667,87 22.58%
Andalusia 4345.41 752,74 20,95%
The Canary Islands 661,67 111.98 20,37%
Ceuta 81.84 13.14 19,12%
Castile and Leon 2189,19 304.82 16,17%
Aragon 1200.60 147.31 13,98%
Galicia 1942.31 187.68 10,69%
Asturias 1018.25 89.31 9.61 %
Murcia 820.80 66.37 8,79%
Extremadura 679.32 50.79 8,08%
Navarre 151.42 10.91 7,76%
Cantabria 435.19 30.63 7,57%
Castille-La Mancha 1275.81 85.59 7,19%
Basque country 496.95 19.26 4,03%
Melilla 59.62 1.10 1,87%
La Rioja 187.94 0.61 0,32%
Madrid 2615.69 1.75 0,06%
City Finances It leaves your commentaries 28 of Sept. of the 2007
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