1. Deficit or surplus?
May 2011

2. Debt Catalan Government 2011
►
Debt december 2010: 38.056 Mi €
►
Expected Deficit 2011: 5.408 Mi €
CCN 12.02.2011
(Source: Budget 2011 Catalan Government page 23, Ara, daily newspaper)
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3. Debt Catalan Government 2011
►
Budget reduction 2011: - 2.680 Mi €
►
Debt amortization 2011:
7.400 Mi €
AMORTITZATION CALENDAR (LONG AND SHORT TERM)
(Sources: http://www15.gencat.cat/ecofin_wpres11/pdf/PRE_P_CAT.pdf,
http://www20.gencat.cat/docs/economia/Documents/Arxius/Deute_Public/Deute_GenCat_12-10.pdf)
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4. To maintain the present level of services for its citizens, Catalonia has to sell debt
to compensate the enormous fiscal deficit it suffers
The Catalan
countries are the
most fiscally
punished and also
the most debt
ridden
Debt level of each regional government compared to
it’s fiscal balance
Pay more than they receive and have
a level of debt above the average
Catalonia
Receive more than what they pay and
have a level of debt over the average
Valencia Region
Castilla - La Mancha
Balearic Islands
Public Debt as
compared to
their GDP
(2010)
Galicia
Navarra
Rioja
Murcia
Madrid
Canarias
Andalucía
Aragón
Basc Country
Pay more than what they receive and
have a level of debt below the average
Extremadura
Castilla-León
Cantabria
Asturias
Receive more than what they pay and
have a level of debt below the average
Fiscal Balance with respect to their GDP (2005)
Source: Cinco Días, Data fiscal balance calculated by the State with thesystem of monetary flux and with a share of Company tax of 1/3 criteria
according to the territori distribution of salaris income, gross added value and investment) Carles Boix
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5. The long range and continuous fiscal deficit has forced the
Catalan Government to sell more debt
The debt evolution of the Generalitat de Catalunya
(Meuros)
Debt of the Generalitat
Debt of the Public companies
of the Generalitat
The present catalan debt could be paid back in two years
if Catalonia did not have fiscal deficit
Source: Bank of Spain
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6. Catalonia generates sufficient income
Evolution of the Catalan Government debt
100,000
90,660
90,000
80,000
Accumulated
tax transfer
spoliation
74,057
Millions €
70,000
60,000
57,142
50,000
Public companies debt
Deute empreses Publiques
40,000
37,345
Generalitat Government
Deute Govern de la
debt
Generalitat
DeuteDebt Generalitat de
Total total
Catalunya
Accumulated fiscal
Espoli fiscal acumulat
30,000
20,000
18,068
10,000
spoliation
0
2005
2006
2007
2008
2009
2010
Sources: Bank of Spain, Antoni Castells, Minstry of Economi and Finance of the Generalitat de Catalunya 7.11.2009 - Average fiscal deficit 9,2%GDP
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7. Balance of Generalitat public accounts in several
scenarios
60,000 €
52,604
50,000 €
Surplus of a
Catalan State
and zero
public debt in
5 yrs
40,000 €
30,000 €
31,842
20,000 €
11,081
10,000 €
ROC A LA FAIXA
100% tax collection
Catalunya Estat (100%
recaptació)
2% GDP tax transfer (like
ROC A LA FAIXA com
USA)
USA (2% 'solidaritat')
0€
2006
-10,000 €
2007
2008
2009
2010
4% GDP tax transfer (like
ROC A LA FAIXA com
Germany)
Alemanya (4%
'solidaritat')
-20,000 €
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8. Només amb un Estat propi Catalunya
serà econòmicament viable.
Empresaris per l’Estat propi
www.ccncat.cat
info@ccncat.cat
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