Portal de Cartagena
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The numbers reach almost 10,000 million, each inhabitant of the Region 'owes' 6,500 euros
The public debt of the Region reaches its historical maximum and is close to ten billion.
Over the past few days, regional and national media outlets have reported something that has become everyday in recent years.
CARM, one more year, increases its public debt.
This circumstance has been assessed by the vice president and head of the economic area of ​​MC Cartagena, Isabel García, noting that "in 2019 not only has the regional debt increased, but it has done so to a greater extent than in previous years. The numbers almost reach the alarming figure of 10,000 million euros, so that every citizen of the Region 'owes' more than 6,500 euros, according to data published by the Bank of Spain. "
"The current situation seems not to have slowed the populist will of the regional government by announcing an incoherent lowering of taxes, totally counterproductive considering the large debt carried by the Region," reasoned the Cartagenerist leader.
"How do you plan to add the income and expenses of the budgets that are going to be presented at the end of the month at the Regional Assembly? A priori, except rabbit in the hat, looks like a chimera," he lamented.
CARM, unproductive institution
It should be remembered that it is not the first time that the Minister of Presidency and Finance of the CARM, Javier Celdrán, as well as his predecessors, point out the dire financial situation that this Community is going through as a problem of budgetary distribution governed by the autonomous financing system.
"Once again, it is clear that the catastrophic financial structure and the low representativeness of the Community at the national level are the result of perpetuating us as a uniprovincial Community. Whoever wants to look the other way to continue doing so," he said.
"The direct consequence of this problem is that the money that should be invested directly in the citizens has to be destined to pay public debt year after year. The managerial 'skills' of the regional government and its partners are exposed."
An inert regional government
The economic agony suffered by the Region is the empirical demonstration of the ineptitude of the Popular Party during the last legislatures, supported by Citizens during the past, to carry out comprehensive measures that serve to resolve this crisis, causing the Region to reach a situation limit.
"We have verified how year after year the deficit objective is systematically breached and they still support their budgets, knowing that they are unreal and inflated. Not even those who prepare them trust that they will be able to meet," García argued.
Change of course?
Before the imminent Budget Law 2020, which will be presented at the end of the month in the Regional Assembly, the forecasts are not very promising and it is presumed that they will repeat the bad practices recorded in the previous legislatures, which have led us directly to the situation current.
"Situation that calls into question the regenerative role of Citizens, which has already contributed to increase spending on management bodies, as well as that of the entry of VOX into politics, since the work of this training will not serve to change the disastrous financial direction of the Autonomous Community ".
Again, the perverse effects of the absence of an agglutinating alternative in the Assembly, such as that represented in the last elections by Antonio García, are evident.
"It is these critical and independent voices that represent the opportunity to carry out the necessary measures to reverse this situation that ends up being paid by the citizens of the Region."
Some interesting information
Currently, the public debt in the Region is at its maximum, with 9.699 million euros, representing 30.7% of GDP, according to data published last Monday by the Bank of Spain.
In absolute terms, the public debt reached its highest annual level in history in Spain, with 1.21 billion euros, over the year 2018 (1.173 billion euros), 2017 (1.145 billion euros), 2016 (1.104 billion euros) and 2015 (1.07 billion euros).
In fact, the debt balance rose 3.8% in year-on-year terms and 0.9% in quarterly terms.
Source: Grupo municipal MC Cartagena
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