control measures

Spain’s tax office still retains part of Catalonia’s funding

December 16, 2015 07:34 PM | ACN / Sara Prim

The Spanish Finance Ministry transferred this morning 3 billion euros from the Spanish Liquidity Point (FLA) corresponding to Catalonia. However there is still 34 million pending to be transferred due to the Ministry’s “invoices checking” procedure. The payment of this 3 billion euros from the FLA comes after the controversial "specific and additional controls" that Spain's executive has imposed on Catalonia to guarantee "transparency" and ensure that “the FLA won’t fund pro-independence whims”, in the words of Spanish Finance Minister Cristóbal Montoro. The 3.034 billion euros assigned this year to Catalonia includes the 2.6 billion euros outstanding from 2014’s FLA, which the Catalan government repeatedly asked for in order to pay pending debts, such as those from pharmacies and medical centres.

Catalonia will have to meet Spain's requirements to receive funding

November 23, 2015 07:16 PM | ACN / Sara Prim

Spanish Finance Minister Cristóbal Montoro warned that Catalonia will have access to the 3,034 million euros from the Spanish Liquidity Point (FLA) after the control extra measures imposed by the Spanish executive "are accomplished". Last Friday, the Spanish government announced specific control measures for Catalonia "to guarantee" that the FLA's money "won’t fund pro-independence whims". According to Montoro, the Catalan government "shouldn't distract the attention" and should correctly administer the citizens’ money. In order to increase the control over Catalonia's finances, Montoro announced that the Bank of Spain, the Comptroller General's Office and the National Institute of Statistics will investigate the 1,300 million euros that Spain's executive believes wasn't properly accounted for last year.