Catalan Government Budget 2013 Source: Generalitat de Catalunya Date: 2013.

2. Budget 2012
2nd stage of the fiscal consolidation plan based on
the principles of austerity, prioritization of social spending,
credibility and joint responsibility
2

3. Budget 2011 and 2012 guidelines
 Austerity: guarantee public finance sustainability in the short term (Budget
2011 and 2012) and in the long-term (Bill of Budgetary Stability of Generalitat)
Sumari
 Prioritization of social spending: maintain main services of the welfare
Marc macroeconòmic
Dades only on dels pressupostos
state. Efforts can not focusedbàsiquesexpenditure
Eixos i polítiques
Anàlisi dels ingressos
 Credibility: adjustment planned for two years. In 2011 Budget efforts were
Anàlisi de les despeses
focused on expenditure and in the 2012 efforts are focused on both, revenue
and expenditure
 Joint responsibility: Catalan Government efforts must be accompanied by
efforts of other stakeholders (Central Government, public employee and
citizens)
Budget Features
3

4. Generalitat’s Budget key numbers
Millions of euros
Generalitat
Budget(1)
General fund nonfinancial
expenditures
(in ESA terms)(2)
Public Sector
Budget (3)
Expenditures financed by general funds
Expenditures financed by earmarked funds
Non-financial expenditures of the rest of public sector
Subtotal non-financial expenditures (chapters 1 to 7)
Financial assets (chapter 8)
Subtotal non-financial expenditures and financial assets (chap. 1 to 8)
Financial liabilities (debt repayment - chapter 9)
23,559
3,660
-27,219
834
28,053
1,675
23,559
-------
23,559
3,660
4,055
31,274
2,257
33,531
3,494
Total expenditures (chapters 1 to 9)
29,727
--
37,024
Non-financial deficit of PA-ESA entities (4)
Capital contributions to non-PA-ESA entities equivalent to capital transf.
General fund non-financial expenditures (in ESA terms)
245
138
23,942
(1) Government: 12 departments, 6 high bodies and 5 non-departamental funds
(2) Non-financial expenditure in terms of ESA (European System of National and Regional Accounts ESA 95) includes chapters 1 to 7, capital contributions (chapter 8) to finance deficits of PA-ESA entities and capital
contributions to non PA-ESA entities assimilated to capital transfers. General-fund indicates that expenditure financed by earmarked revenue is excluded. This amount is the one taken into account (previously adjusted) to
ensure compliance with the objective of budgetary stability.
(3) Public sector: more than 227 entities in which the Government participates directly or indirectly all or a majority on their governing bodies.
(4) Is the aggregate result of 192 entities classified as Public Administration entities in ESA terms (PA-ESA).
Budget Features
4

5. Generalitat’s Budget key numbers
Millions of euros
Generalitat
Public Sector
Budget
€37,024 m
Generalitat of
Catalonia
Budget
ESA adjustments:
General fund
non-fin.
expenditures
(ESA terms)*
€23,942 m
Non-financial deficit
192 PA-ESA entities
=
€245 m
+
Capital contributions to
non- PA-ESA entities
equivalent to nonfinancial expenditures
+
General fund
non-financial
expenditures
Own resources
and debt of the
rest of Public
Sector (227
entities)
€29,727 m
€7,297 m
Debt repayment
€23,559 m
€138 m
€1,675 m
Earmarked
funds
€3,660 m
Loans and
capital
contributions
€834 m
*Expenditures to be adjusted in order to assure the deficit goal achievement in ESA terms.
Budget Features
5

6. Government deficit and debt
Outturn and budget values in ESA terms (% of GDP)
Debt
(%GDP)
Deficit
(%GDP)
12
10
19.0
+4.3
25
19.8
20
16.7
8
+2.7
6
+2.2
4
2
+0.8
+2.3
7.4
7.7
8.1
7.6
15
12.4
9.7
10
7.5
0
-2
5
-0.73
-0.39
-0.45
-0.22
-0.62
-1.30
-2.60
-4
-2.41
-2.6
0
-4.22
-6
-5
2003
Outturn
2004
Outtrun
2005
Outtrun
2006
Outtrun
2007
Outtrun
Deficit
2008
Outtrun
2009
Outtrun
2010
Outtrun
2011
Budget
2012
Budget
Debt
Source: Bank of Spain, Ministry of Economy and Finance, National Institute of Statistics (INE) and Department of Economy and Knowledge.
Budget Features
6

7. Achievement of the deficit goal in 2012
Deficit in ESA terms (% of GDP)
0
-1
-0.22
-0.62
-1
-1.10
-1.00
-1.30
-2
-2
-3
-2.41
-2.60
-2.66
-3
-4
-4
-4.22
-5
2006
Outtrun
2007
Outtrun
2008
Outtrun
2009
Outtrun
2010
Outtrun
2011
Budget
2012
Budget
2013
2014
CPFF1 goals 2012-2014
1Council
for Fiscal and Finance Policy.
Source: Department of Economy and Knowledge and INE.
Budget Features
7

8. Commitment to reduce the deficit in two years
Amounts in millions of euros
Over a period of two years the deficit will be reduced by 5,611.8 M€ (-67.2%)
M€
% GDP
Deficit 2010 (outturn)
8,352.0
2,740.2
1.30
Var. %
4.22
Deficit 2012 (budget)
Var. M€
-5,611.8
-67.2
Budget Features
8

9. Continuity of the budgetary adjustment
 Fiscal adjustment has been programmed over a period of two years
(instead of just one), otherwise essential services of the welfare state could
have been deteriorated
Sumari
 Fiscal consolidation Marc macroeconòmic
efforts continue in 2012, but not exclusively by the
Dades bàsiques dels pressupostos
expenditure side
Eixos i polítiques
Anàlisi dels ingressos
 Further efforts mustAnàlisi de les despesesrevenue side, from the public
be enabled in the
employee, and from the citizenship in order to keep the quality of public
services
 Generalitat will conduct an active policy of selling public assets
Budget Features
9

10. Revenue mesures
 Increase the tax on retail sales of certain hydrocarbons (regional
part), with tax deductions for certain groups
Sumari
 Creation of a tourist accommodation tax
Marc macroeconòmic
Dades bàsiques dels pressupostos
 Rise the tax on documented legal acts, with tax deductions linked to
Eixos i polítiques
non-recourse debtAnàlisi dels ingressos
mortgages
Anàlisi de les despeses
 Maintenance of the highest income tax rates in personal income tax
 Maintenance of wealth tax (temporarily reestablished by Central
Government)
Budget Features
10

11. Efforts by users of public services
 Increase the water canon to assure water supply and purification. Includes
support measures to vulnerable people
Sumari
 Fees increase to Marc macroeconòmic sustainability of certain public
assure the financial
Dades bàsiques dels pressupostos
services
Eixos i polítiques
Anàlisi dels ingressos
 Fee on pharmaceutical prescriptions to avoid overuse and abuse, with
Anàlisi de les despeses
little collecting impact, but with a potential dissuasive effect
Budget Features
11

12. Budget 2012 revenue mesures
In millions of euros
M€
Wealth tax (temporarily reestablished by Central Government)
240.4
Tax on retail sales of certain hydrocarbons (regional part) (tax rate increase)
130.0
Tourist accommodation tax (creation)
100.0
Fee on pharmaceutical prescriptions or health products (creation)
100.0
Personal income tax (maintenance of tax rates for the highest income brackets)
73.5
Tax on documented legal acts (tax rate increase)
72.5
Fees increased above the general increase
4.0
Tax measures
720.4
Real assets disposals and concessions (buildings and other real investments)
888.2
TOTAL
1,608.6
Budget Features
12

13. Generalitat’s non-financial revenues
In millions of euros
Concepts
Budget 2011
Budget 2012
Var. 2012 / 2011
M€
Inheritance and donations tax
Wealth tax
Tax on transfers and documented legal acts
Gambling taxes
Energy tax
Vehicle registration tax
Tax on retail sales of certain hydrocarbons
Totally devolved taxes
Personal income tax (regional share)
VAT (share of Spanish central government tax)
%
Taxes on tobacco, alcoholic drinks and hydrocarbons (advances of tax shares)
Partially devolved taxes
288.6
-1,286.6
308.3
279.3
110.0
280.4
2,553.2
8,055.9
4,619.0
2,072.5
14,747.4
197.6
240.4
1,221.1
254.0
311.1
114.2
390.0
2,728.4
7,842.8
5,550.2
1,964.0
15,356.9
-91.0
240.4
-65.5
-54.3
31.8
4.2
109.6
175.2
-213.1
931.2
-108.6
609.5
-31.5
--5.1
-17.6
11.4
3.8
39.1
6.9
-2.6
20.2
-5.2
4.1
Total devolved tax revenues
Global Sufficiency Fund (advance)
Fundamental Services Guarantee Fund (advance)
1
Rest of resources of the funding system
2
2008 and 2009 funding system pending settlements
2010 funding system pending settlement
17,300.6
1,840.0
-1,460.0
102.0
-138.1
--
18,085.4
1,765.1
-1,065.5
91.0
-633.8
1,090.3
784.8
-74.9
394.6
-11.0
-495.6
1,090.3
4.5
-4.1
-27.0
-10.8
358.8
--
Subtotal funding system revenues3
17,644.4
19,332.5
1,688.1
9.6
1 Includes
specific funds to improve health system
settlement from the financing model for 2008 is -690.7M€ (-138.1M€ per year for 5 years) and the total amount for 2009 is -2,478.1 M€ (-495.6 M€ per year for 5 years).
3 Figures for the advancements from the funding model for 2012 are the ones provided by the Central Government last July.
2 Total
Budget Features
13

14. Generalitat’s non-financial revenues (continues)
In millions of euros
Concepts
Budget 2011
Budget 2012
Var. 2012 / 2011
M€
Subtotal funding system revenues
%
17,644.4
19,332.5
1.688.1
9.6
2,670.2
2,670.2
0.0
0.0
Tourist accommodation tax
--
100.0
100.0
--
Fee on pharmaceutical prescriptions or health products
--
100.0
100.0
--
Real assets disposals and concessions (buildings and other real investments)
200.0
888.2
688.2
344.1
Infrastructures agreements. 3rd additional provision of Statute of Autonomy of Catalonia
671.8
219.0
-452.8
-67.4
Central Government’s transfers to finance specific programs
773.7
689.5
-84.2
-10.9
European Union transfers
107.0
91.9
-15.1
-14.1
Rest of fees and taxes
157.0
164.9
7.9
5.0
80.5
76.6
-3.9
-4.9
Subtotal non-funding system revenues
4,660.3
5,000.4
340.1
7.3
Total Generalitat non-financial revenues
22,304.7
24,332.9
2,028.2
9.1
Total general fund non-financial revenues
18,684.1
20,672.6
1,988.6
10.6
3,620.7
3,660.3
39.6
1.1
Local Governments share of Central Government’s Revenues
Rest of non-financial revenues
Total earmarked non-financial revenues
Budget Features
14

15. Accuracy in forecasting revenues
In M€
Initial estimates and outturn of totally devolved taxes1
7.000
6,320
6.000
5,829
5,590
4,811
5.000
5,214
4,020
4.000
3,232
5,083
4,173
4,488
3,364
3,802
3,592
3.000
2,394
3,077
2,824
2.000
2,288
2,767
2,359
2,191
2,286*
1.000
0
2002
2003
2004
2005
2006
Budget
2007
2008
2009
2010
2011*
2012
Outturn
1Inheritance
and donations tax, tax on large commercial establishments, tax on capital transfers and documented legal acts, vehicle registration tax, tax on retail sales of certain hydrocarbons and gambling taxes.
*2011 Estimation using available data until October.
Source: Department ofEconomy and Knowledge.
Budget Features
15

16. Expenditure measures
 The increase in debt interest payments and deferred payment methods for
investments increase the need for adjustment of other expenditures
 The adjustment is not linearly distributed between departments and it is
taken into consideration the joint effort over the two-year period (2011 and
2012)
 Social spending is prioritized, maintaining its share in the total Budget
2012
 Measures to promote economic recovery
 Special efforts in the public employee expenditures
Budget Features
16

17. Non-linear distribution of general fund non-financial expenditures (in ESA terms) by
departments(1)
In millions of euros
Budget
2011
Section
Budget
2012
Var. 2012 / 2011
M€
M€
M€
%
Presidency
536.2
472.9
-63.3
-11.8
Governance and Institutional Relations
325.4
307.3
-18.1
-5.6
Economy and Knowledge
1,213.8
1,101.6
-112.2
-9.2
Education(3)
4,834.2
4,595.9
-238.3
-4.9
8,978.9
8,546.1
-432.7
-4.8
1,144.6
1,088.2
-56.4
-4.9
1,362.8
1,564.5
201.7
14.8
Culture
282.3
267.9
-14.4
-5.1
Agriculture, Livestock, Fisheries, Food and Nat. Environ.
367.2
340.7
-26.5
Var. 2012 / 2010
-7.2
Health
(3)(4)
Home Affairs
(3)
(2)(4)
Territory and Sustainability
Social Welfare and Family
M€
These savings will be
especially significant
in the departments of
Health, Education,
Home Affairs and
Justice
-204.7
-30.2
-103.0
-25.1
-389.4
-26.1
-626.8
-12.0
-1,053.5
-11.0
-134.5
-11.0
-228.8
-12.8
-66.5
-19.9
-138.4
All departments will
add some resources
generated by saving
measures in
employee wages,
from new taxes and
from the effect of the
2011 savings
measures’
recurrence.
%
-28.9
-212.5
-10.9
-218.9
-28.7
-114.4
-11.4
-3,491.3
-14.0
1,746.5
1,728.5
-18.0
-1.0
586.3
542.6
-43.7
-7.4
911.7
886.8
-24.9
-2.7
22,289.9
21,443.0
-846.8
-3.8
1,482.6
1,999.9
517.2
34.9
879.7
78.5
Higher bodies and others
95.0
84.6
-10.4
-11.0
-20.5
-19.5
Non-departmental funds
245.0
414.3
169.3
69.1
23.2
5.9
24,112.5
23,941.8
-170.7
-0.7
-2,609.0
-9.8
Enterprise and Labour
Justice
(3)
Subtotal departments
Debt(interests)
Total
1 See
note 2 on page 4
change percentage of the budget of Department of Territory and Sustainability is 15.5% when credits for deferred payment methods are excluded
3 Departments of Education, Health, Home Affairs and Justice will add resources generated by the savings generated in employee compensation.
4 Department of Territory and Sustainability and Departament of Health will have extra funds from new taxes and fees created over 2012.
2 The
Budget Features
17

18. Social expenditure is maintained as a priority
In millions of euros
General fund non-financial expenditures in ESA
terms1
Health + Education + Social Welfare and Family
(% over total departments)
Health + Education + Social Welfare and Family
(% over total departments, excluding Territory and Sustainability)
1 See
Budget
2010
Budget
2011
Budget
2012
67.2%
69.8%
69.3%
72.4%
74.4%
74.8%
note 2 in page 4
Budget Features
18

19. Supporting economic recovery and boosting productive economy
 Continuity of the ICF (credit) programs approved in mid 2011 which started in the
last months
 Reduction of the Generalitat’s deficit decreases the need for Government
borrowing and promotes the availability of credit to the private sector
 Research, development and innovation stimulus policy, with special focus on
innovation
 Change in vocational training model to make it more flexible to the needs of
productive sectors
Budget Features
19

20. Public employee measures

Repetition in 2012 of personnel wage reductions of high-ranked officials and Generalitat’s
public sector assimilated, equivalent to an extra month salary

Reduction of public employee compensation

Social Action Fund (reduction of 50% in 2011) and suspension of meal vouchers
Marc macroeconòmic
accompanied with work flexibility measures

Sumari
Dades bàsiques dels pressupostos
Eixos i polítiques
Suspension of productivity bonus and 50% reduction of the maximum amounts to be paid
Anàlisi objectives incomes employee of Catalan Healthcare
during 2012 in management by dels ingressos
Anàlisi de les despeses
Institute

Maintenance of suspension of contributions to pension plans

Other personnel measures (reduction in vacancies and days off, etc)
Estimated impact : 625 M€
Budget Features
20

21. Evolution of budgeted and actual interest expenditures1
In millions of euros
2.500
1,994.3
2.000
1,477.9
1.500
1,477.12
1,18.7
919.2
1.000
808.5
678.7
500
440.7
480.4
491.2
504.7
796.6
696.9
570.3
561.1
0
2005
2006
2007
2008
Budget
Interest expenditures increase
in Budget 2012:
2009
2010
2011
2012
Outturn
Over Budget 2011
Over Outturn 20112
Over Outturn 2010
516.4 M€
517.2 M€
1,075.2 M€
Aministration. The overall budgeted public sector interest expenditures for 2012 are €2,443.6 m.
forecast by the Department of Economy and Knowledge.
Source: Generalitatt’s Budget
1Generalitat
2Outturn2011
Budget Features
21

22. Future payments linked to investments made using deferred payment methods
Amounts in millions of euros
20111
2012
2013
2014
2015
0.0
82.4
317.9
114.2
60.3
20.0
184.9
46.6
48.0
0.0
0.0
82.6
10.4
0.0
0.0
64.5
83.7
117.8
134.4
136.3
Land rights in Equipaments i Edificis de Catalunya SAL
109.6
141.5
131.9
135.6
139.4
Infrastructures and equipments concessions
110.8
222.1
270.4
308.0
311.8
Underground line 9 stations concessions
57.9
134.0
217.0
233.8
240.8
Other underground line 9 finance methods3
87.0
48.9
78.0
88.0
100.8
Other projects
28.6
40.0
93.9
107.9
104.8
478.4
1,020.1
1,284.0
1,170.0
1,094.2
845.5
1,481.5
1,305.0
1,091.6
1,221.6
German methods in roads
German methods in transportation and mobilitity2
German methods in irrigation
Equipment land rights
Total
Situation at the beginning of 20114
1 Taken
into account that commitments have been reviewed .
methods of Ferrocarrils de la Generalitat de Catalunya (FGC) are not included
3 Capital contributions and fees for using tunnels are included. Debt of Ifercat is excluded
4 Rights of surface of Equipaments i Edificis de Catalunya SAL are excluded
2 German
Budget Features
22

23. General fund non-financial expenditures variation (in ESA terms)
In millions of euros
Concepts
Total budgeted general fund non-financial expenditures
(in ESA terms)
Budget
2011
Budget
2012
Var. 2012 / 2011
M€
%
24,112.5
23,941.8
-170.7
-0.7
1,477.9
1,994.3
516.4
34.9
478.4
1,020.1
541.7
113.2
22,156.2
20,927.4
-1,228.8
-5.5
Part of the expenditures relating to:
Debt interests
Payment of investments with deferred financing
Rest of budgeted general fund non-financial expenditures
(in ESA terms)
Budget Features
23

24. Detail of the evolution of the main expenditure policies and programs
In millions of euros
Expenditure policies and programs
Budget1
2011
Budget
2012
2012 / 2011
2012 / 2010
2011 expenditure
moves to levels
above
M€
M€
Var. %
Var. %
General education
4,579.9
4,346.8
-5.1
-9.1
2007
Social protection
1,875.7
1,883.2
0.4
-5.5
2009
Health
9,063.2
8,628.7
-4.8
-10.2
2007
Security and civil protection
1,117.8
1,085.6
-2.9
-9.5
2008
Justice
848.0
817.3
-3.6
-12.2
2008
Social media
317.6
277.4
-12.7
-26.3
before 20062
Employment promotion
665.3
647.5
-2.7
-11.1
2009
Housing and other urban projects
256.2
179.0
-30.1
-41.6
2006
1,510.0
1,391.5
-7.8
-28.2
before 20062
866.0
1,116.3
28.9
-11.0
2007
5,554.8
5,679.6
2.2
-12.4
2006
26,654.5
26,052.9
-2.3
-12.0
5,975.5
3,674.4
-38.5
26.1
32,630.0
29,727.3
-8.9
-8.6
Running institutions and general administration
Transportation
Rest of programs
Subtotal programs except debt expenditures
Public debt repayment and financial expenditures3
Total Generalitat expenditures
1 Budget under the new structure of programs and spending policies (homogeneous comparisons).
2 The classification of expenditures in programs and policies starts in 2006. No comparable information available before 2006.
3 Includes debt payments, both capital and interests
Budget Features
24

25. Generalitat’s non-financial revenues and expenditures evolution
Initial budget estimates in millions of euros
35.000
30.000
25.000
20.000
15.000
10.000
2004
2005
Non-financial revenues
12012
2006
2007
Non-financial expenditures
2008
2009
2010
2011
2012
2012 non-financial revenues (without non-recurrent revenues) 1
real assets disposals and dealerships are considered as non-recurrent revenues (€888.2 m).
Source: Department of Economy and Knowledge.
Budget Features
25

26. Budget 2012 deficit (in ESA terms)
In millions of euros
2012
Generalitat non-financial revenues
24,332.9
Generalitat non-financial expendiures
27,219.0
Generalitat non-financial budget position
-2,886.1
ESA ajustments1
Non-financial budget position in ESA terms
% deficit over GDP
146.0
-2,740.2
-1.30%
Deficit falls by 2,668.2 M€ compared with Budget 2011 (-49.3%)
1
ESA adjustments include the result of the entities classified as Public Administration in ESA terms (PA-ESA) (€ -245.5 million), capital contributions of the Government to public entities not classified as PA-ESA
to offset losses from previous years and other transfers (-137.6 M€), other ESA adjustments (census, accrual adjustments, uncertain revenues, etc) (-104.8 M€ ) and the fifth part of the negative settlement of
the funding model years of years 2008 and 2009 (+138.1 M€ and +495.6 M€, respectively).
Budget Features
26

27. Generalitat public debt evolution (in ESA terms)
In millions of euros
Debt (M€)
Annual % change
in public debt
45.000
41,676
36.3
38,531
40.000
35,0
32.3
35.000
40,0
32,974
30,0
30.000
25,0
24,189
25.000
19,659
20.000
15.000
14,043
20,0
16.9
15,0
14,863
8.2
10.000
5.000
23.0
10,0
5.8
5,0
1.8
0
0,0
2006
Actual
2007
Actual
2008
Actual
Debt
2009
Actual
2010
Actual
2011
Budget
2012
Budget
Annual % change in public debt
Source: Bank of Spain (2006-2010) and Department of Economy and Knowledge (impact of Budget 2011 and 2012).
Budget Features
27

28. Factors affecting the deficit
Prudent revenue forecast

Revenue forecast is coherent with current macroeconomic weaknesses

Resources due from Central Government are not included in the Budget 2012
(Competitiveness fund, institutional loyalty and other additional resources)

Uncertainty about a possible review of advances from the funding model and a
possible slowdown of the economy have been taken into account by increasing the
Contingency fund
ESA adjustments variability

The final calculation of the deficit is conditioned by the ongoing review of the scope
and interpretation of the rules of the European System of Accounts (ESA)
Budget Features
28

29. Public sector consolidated budget
Public sector consolidated budget
29

30. Generalitat public sector entities included in the budget (current situation)
Number of entities1
2011
2012
Generalitat2
1
1
Catalan Healthcare Service, Catalan Institute
of Health and Catalan Institute of Assistance
and Social Service
3
3
25
23
5
3
Public law companies
46
47
Trading companies
52
47
Consortiums
62
61
Foundations
46
43
240
228
Autonomous administrative entities
Autonomous commercial and financial entities
Total entitats sector públic de la Generalitat
Other PA-ESA entities non-majority
shareholding
Total entities
1.
2.
The Generalitat’s Government Plan states the
elaboration and implementation of a plan for the
simplification, redefinition and reduction of public
sector structure.
28
268
26
254
The goal of the Government Plan is to reduce by
2014 a minimum of 20-25% the number of entities
compared with 2010.
Currently , in 2012 budget, there is a 5% reduction
(12 entities) of the number entities and the fusion or
elimination of an additional 10% (23 entities) is
being processed.
GC (Generalitat de Catalunya): Includes 12 departments, 5 non-departmental
funds and 6 high bodies.
PS (Generalitat public sector): Includes the Generalitat and all fully owned
entities, or those in which the government has a majority stake.
PA-ESA (Public administration in ESA terms): Includes the Generalitat and
all entities classified as Public Administration according to ESA regulations
(includes those in which the Generalitat does no have a majority stake).
Existing entities at the beginning of the fiscal yea r
See definitions at the box on the right hand side.
Public sector consolidated budget
30

31. Generalitat public sector budgets1
In millions of euros
Budget 2011
Budget 2012
2012 / 2011
2012 / 2010
M€
M€
% var.
% var.
Generalitat
32,630.0
29,727.3
-8.9
-8.6
Catalan Healthcare Service, Catalan Institute of Health
and Catalan Institute of Assistance and Social Services
13,436.7
12,981.0
-3.4
-7.9
Autonomous administrative entities
785.3
714.5
-8.9
-22.7
Autonomous commercial and financial entities
131.2
24.1
-81.6
-82.5
Public law companies
5,466.8
6,182.4
13.1
-7.3
Trading companies
2,345.0
2,952.7
25.9
-2.4
Consortiums
3,506.6
3,199.9
-8.7
3.3
705.3
707.5
0.3
9.2
-19,653.0
-19,465.0
-1.0
-9.1
39,354.0
37,024.5
-5.9
-6.7
Subsectors
Foundation
Internal transfers
Total consolidated
1Includes
financial operations.
Public sector consolidated budget
31

32. Generalitat’s public sector revenues by chapter
In millions of euros
Chapter
Budget 2011
M€
Budget 2012
%
M€
2012 / 2011
%
% var.
1. Direct taxes
8,358.5
21.2
8,116.3
21.9
-2.9
2. Indirect taxes
8,567.4
21.8
9,307.1
25.1
8.6
3. Fees, sales and other revenues
3,099.0
7.9
3,056.0
8.3
-1.4
4. Current transfers1
4,431.6
11.3
5,717.0
15.4
29.0
5. Property revenues
301.6
0.8
357.6
1.0
18.5
24,758.1
62.9
26,554.1
71.7
7.3
6. Real investments disposal
436.5
1.1
1,040.9
2.8
138.5
7. Capital transfers
988.5
2.5
341.7
0.9
-65.4
1,425.0
3.6
1,382.6
3.7
-3.0
26,183.1
66.5
27,936.6
75.5
6.7
1,019.3
2.6
1,331.7
3.6
30.7
Total revenues chapters 1 to 8
27,202.4
69.1
29,268.4
79.1
7.6
9. Financial liabilities (debt)3
12,151.6
30.9
7,756.1
20.9
-36.2
Total revenues
39,354.0
100.0
37,024.5
100.0
-5.9
Current revenues
Capital revenues
Total non-financial revenues
8. Financial assets2
is affected by the settlement for 2010 of the financing model (1090.3 M €).
of financial assets, repayment of loans and capital contributions received from outside the public sector
3 Includes the refinancing of debt..
1 Variation
2 Sale
Public sector consolidated budget
32

33. Generalitat’s public sector expenditures by chapter
Amounts in millions of euros
Chapter
Budget 2011
Budget 2012
2012 / 2011
2012 / 2010
M€
%
M€
%
% var.
% var.
1. Employee compensation1
9,649.7
24.5
9,548.7
25.8
-1.0
-5.9
2. Current expend. on goods and services
8,316.4
21.1
7,936.1
21.4
-4.6
-6.8
3. Interests and financial fees
1,869.6
4.8
2,443.6
6.6
30.7
69.8
4. Current transfers
9,221.6
23.4
8,612.9
23.3
-6.6
-12.1
5. Contingency fund
39.0
0.1
250.0
0.7
541.0
66.7
29,096.3
73.9
28,791.3
77.8
-1.0
-4.2
2,231.0
5.7
1,900.8
5.1
-14.8
-54.3
740.6
1.9
581.5
1.6
-21.5
-39.7
2,971.6
7.6
2,482.3
6.7
-16.5
-51.6
32,067.9
81.5
31,273.6
84.5
-2.5
-11.1
1,861.6
4.7
2,256.9
6.1
21.2
29.7
9. Financial liabilities3
33,929.4
5,424.6
86.2
13.8
33,530.5
3,493.9
90.6
9.4
-1.2
-35.6
-9.2
25.7
Total expenditures
39,354.0
100.0
37,024.5
100.0
-5.9
-6.7
Current expenditures
6. Real investments
7. Capital transfers
Capital expenditures
Total non-financial expenditures
8. Financial assets2
Total expenditures chapters 1 to 8
1
Impact of mesures on public employee
contributions to entities, lending and acquisition of other financial assets
3 Capital costs of debt repayment
2 Capital
Public sector consolidated budget
33

34. Evolution of annually executed investment (includes budgeted investments and
investments to be executed by others with deferred payment methods)
In millions of euros
8.000
7.000
6,322.1
6.000
5,096.3
6,020.8
5,865.5
5,682.6
5,068.7
5.000
5,205.7
5,235.3
4,970.6
4,691.9
4.000
4,454.5
4,294.9
3,881.6
3,138.2
2,779.6
3.000
2,450.4
2,951.6
2,715.7
2.000
2,222.4
1,297.8
1,367.6
1998
1.000
1999
1,567.4
2,450.4
2,132.4
1,795.6
0
2000
2001
2002
(1)
Public sector budgeted investments
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Public sector budgeted investments + investments financed by deferred payment methods
(1) Payments for investments already executed and financed by German methods are excluded.
Public sector consolidated budget
34

35. Job positions1 included in the public sector consolidated budget
Number of job positions
2010
2011
2012
2012/2011
number
homogeneous2
%
2012/2010
number
%
Executive personnel
247
211
207
-4
-1.9
-40
-16.2
Temporary consulting personnel
303
203
201
-2
-1.0
-102
-33.7
Other executive personnel (public sector entities)
171
135
115
-20
-14.8
-56
-32.7
Subtotal executive and consulting personnel
721
549
523
-26
-4.7
-198
-27.5
168,332
168,113
167,965
-148
-0.1
-367
-0.2
62,831
62,351
61,694
-657
-1.1
-1,137
-1.8
231,884
231,013
230,182
-831
-0.4
-1,702
-0.7
Subtotal civil servants
Subtotal private regulation personnel
Total public sector
1 Budgeted
positions.
staff transferred in 2010 from the Labour Inspection (249), the increase of teachers in September 2010 (578) and the incorporation of several entities in the public sector scope. In sum it accounts for an increase
of 5,562 positions compared with January 2011
2 Includes
Public sector consolidated budget
35

36. Analysis of expenditure policies
Analysis of policies
36

37. Generalitat’s public sector expenditures by areas
Amounts in millions of euros
Pressupost 2012
2012/2010
Expenditure areas
M€
%
% var.
Institutions and general administration
1,544.5
4.6
-29.1
General public services (justice, security, foreign service)
2,001.9
6.0
-12.8
Social protection (welfare and employment)
2,718.4
8.1
-7.7
15,012.1
44.8
-13.2
Public services –economic (infrastructures and transportation, R+D+I, environment, social media, etc.)
4,531.5
13.5
-28.4
Productive sectors incentives and regulation (agriculture, industry, trade, tourism, business development,
official credit lines, etc) (1)
2,574.5
7.7
34.8
Financial support to local governments
2,897.7
8.6
7.7
250.0
0.7
66.7
1,999.9
6.0
78.5
33,530.5
100.0
-9.2
3,493.9
10.4
25.7
37,024.5
--
-6.7
Public services –social (healthcare, education, housing, culture, etc.)
Contingency fund
Public debt (interest)
Total expenditures chapters 1 to 8
Financial liabilities (chapter 9)
Total expenditures chapters 1 to 9
1 The increase of this expenditure area is mainly due to the increase, between 2011 and 2012, of the budget allocated to the program of Oficial credit, which is managed by the Catalan Institute of Finance
Analysis of policies
37

38. Macroeconomic framework
Macroeconomic framework
38

39. Macroeconomic forecast - Catalonia
% annual change –unless otherwise indicated
2010
GDP market prices (% real change)
GDP (M€)
GDP (% nominal change)
Internal demand1
Household consumption
Public sector consumption2
Investment3
Capital goods and others
Construction
Foreign trade balance1
3
Foreign trade balance
Exports of goods and services
Imports of goods and services
Balance with the rest of Spain3
2011
2012
0.1
0.7
0.8
209,727
1.2
214,403
2.2
219,321
2.3
-0.3
-1.3
0.1
1.7
0.2
-5.6
-1.5
-10.7
0.5
-2.9
-5.1
-3.1
-7.3
0.9
-2.6
0.1
2.1
-2.3
0.3
2.0
0.7
1.0
12.6
8.4
-0.7
1.9
9.1
2.8
0.1
0.7
4.8
2.9
0.0
1.1
1.6
1.5
-64.1
-2.0
17.8
-22.0
-0.7
18.6
6.2
0.2
18.5
Prices
GDP Deflator
Mercat de treball
Jobs created (thousands)4
Jobs created (% change)4
Estimated unemployment rate (EPA) (% unemployed/active population)
1. Contribution to growth.
2. Includes non-profit household consumption.
3. Includes stock variation.
4. Full-time jobs.
Source: IDESCAT and Department of Economy and Knowledge.
Macroeconomic framework
39

40. Real GDP
% annual change
5,0
4,0
3,0
3.4
3.3
3.8
3.7
3.3
3.2
2.6
2,0
1,0
0.7
0,0
0.8
2011 (pr)
2012 (pr)
0.1
0.1
-1,0
-2,0
-3,0
-4,0
-4.2
-5,0
2001
2002
2003
2004
2005
Catalonia
2006
2007
Spain*
2008
2009
2010
Euro zone
(pr) forecast
Spain forecasts correspond to those formulated by the European Commission.
Source IDESCAT, INE, European Commission and Department of Economy and Knowledge
Macroeconomic framework
40

41. Internal and external demand
% contribution to growth
6,0
5.4
4.7
4,0
4.4
4.3
3.7
3.5
3.1
2.0
2,0
1.1
0.7
1.0
0.3
0.1
0,0
-0.1
-0.5
-0.3
-0.3
-1.0
-1.1
-1.5
-2,0
-1.2
-1.0
-1.3
-4,0
-5.2
-6,0
2001
2002
2003
2004
2005
Internal demand
2006
2007
2008
External demand
2009
2010
2011 (pr)
2012 (pr)
GDP
(pr) forecast
Source: IDESCAT. External demand includes trading with other countries and the rest of Spain.
Macroeconomic framework
41

42. Imports and exports (foreign countries)
% interannual change, 12-month average
30,0
20,0
10,0
0,0
-10,0
-20,0
-30,0
Exports
Imports
Source: IDESCAT and Central Government Tax Agency.
Macroeconomic framework
42

43. Prices in Catalonia, Spain and the Eurozone
% interannual change
6,0
5,5
5,0
4,5
4,0
3,5
3,0
2,5
2,0
1,5
1,0
0,5
0,0
-0,5
-1,0
-1,5
Catalonia
Spain
Eurozone
Source: INE and Eurostat.
Macroeconomic framework
43

44. Unemployment rate (EPA)
% active population
25,0
22,5
20,0
18.8
18.6
17.8
18.5
17.1
17,5
16.2
14.4
15,0
12,5
10.7
10.1
10,0
8.9
10.0
9.7
9.0
8.6
7.0
7,5
6.6
6.5
2006
2007
5,0
1996
1997
1998
1999
2000
2001
2002
2003
Catalonia
2004
Spain
2005
2008
2009
2010
2011
(pr)
2012
(pr)
Eurozone
(pr) forecast
Source: IDESCAT, INE, Eurostat, Department of Economy and Knowledge and European Commission.
Methodological changes in Catalonia and Spain series in 2001 and 2005.
Macroeconomic framework
44

45. Catalonia’s industry production index
% interannual change, 12-month average
15,0
10,0
5,0
0,0
-5,0
-10,0
-15,0
-20,0
-25,0
-30,0
% interannual change 12-month average
% interannual change
Source: IDESCAT.
Macroeconomic framework
45

46. Foreign tourism and hotel overnights in Catalonia
% interannual change
40,0
30,0
20,0
10,0
0,0
-10,0
-20,0
-30,0
Foreign tourism (tourists)
Hotel overnights
Source: IDESCAT.
Macroeconomic framework
46

47. www.gencat.cat/economia/pressupostos
47