Spain | The 2021 settlement under the common system of autonomous communities financing

This Working Paper analyzes the settlement payment for 2021 under the common system of autonomous communities financing, recently published by the Ministry of Finance.

Key points

• Key points:
• With the data provided in this document, the definitive financing for homogeneous competencies and equal tax effort for the 2021 fiscal year is calculated. It also introduces some adjustments to the official figures in order to make them more comparable between communities.
• Furthermore, increased financing indexes are constructed, which also include the extraordinary resources provided by the Central Government to tackle the COVID crisis.
• It further quantifies the interregional redistributive flows channeled through the regional financing system and analyzes the changes in the resources subject to settlement provided by the system between 2021 and 2023.

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