Business View

The audit of the accounts of an autonomous region, under the Budgetary Stability Law, which today entered into force after publication in the Official Gazette, not involve the suspension of its autonomy, but may involve the dissolution of a municipality.

This has been indicated sources from the Ministry of Finance and Public Administration, which insisted that since the Department did not hesitate to use “all the regulations” If government fails to meet the budgetary stability objectives.

The same sources added that, to date, no region “has asked or suggested” voluntary intervention of their accounts, but they have asked for help “almost all” to make economic and tax plans and said that all has been no dialogue.

Yes have acknowledged that some might ask for a special support because of their economic situation and from the ministry said that “not last” to do so if requested.

Have pointed out, moreover, do not believe that there will be surprises to the plans they have to submit to the ministry and whose deadline expires at midnight tonight.

Although the sources did not specify how many communities have presented and, they have recognized that Catalonia has already done and that the ministry has asked the Government of the Generalitat to correct a series of games, which has done “and in the right direction “.

They have shown convinced that no region “to their citizens want to be challenged” for his economic management, so that before the intervention occurs will heed the warnings and the help offered by the ministry.

However, sources have added that the technical expertise and personnel to carry out the intervention, taking months to work.

Given the time limits prescribed by law if intervention is necessary finally to a community, it would not be possible until September, because they are not held by the Council of Fiscal and Financial Policy until mid-May, which will analyze the adjustment plans .

All public authorities must submit their budgets by 1 April for analysis and October 1 is the date set to meet the settlement of accounts.

At the risk of failure to meet targets, the ministry will make a warning in a month the government must take action, because, otherwise, apply corrective measures such as reducing debt or non-approval of agreements and grants by the Central Government.

If the administration fails to comply or not any of the plans provided by law at the time, begin to take enforcement actions that may involve the dissolution of a municipality.