Madrid (EFE). This Friday, the Vice-President and Minister of Finance, María Jesús Montero, announced that the new funding model for autonomous communities will provide approximately 16 billion euros extra to the regions by 2027, thanks to the transfer of a larger proportion of the revenue from personal income tax (IRPF) and value-added tax (VAT). Montero indicated that the Government’s proposal includes an increase in the proportion of IRPF and VAT revenue allocated to the communities, rising from the current 50% to 55% and 56.5% respectively. The list of transferred taxes now includes the wealth tax, the bank deposits tax, the gaming activities tax, and the waste tax. In 2024, IRPF generated 129.408 billion and VAT, 90.541 billion. Had a higher percentage been applied, this would have meant an additional contribution of 12.355 billion in funding for the autonomous communities: 6.470 billion from IRPF and 5.885 billion from VAT. Montero must now present the reform proposal to the autonomous communities at a Fiscal and Financial Policy Council that has yet to be convened, although it will be the Cortes that will be responsible for approving the legislative project resulting from the Council of Ministers.
