Xoaquín Fernández Leiceaga, Santiago Lago Peñas

Regional financing in Spain: the perspective of subcentral governments

This paper summarizes the judgments expressed by Spanish Autonomous Communities in March 2014 on the regional financing model passed in 2009 and its implementation by the central government. With this aim, the article is organized around the principles of sufficiency, horizontal equity and autonomy. The analysis is complemented by our own assessment of the model results between 2009 and 2012 and concludes with those reform proposals on which consensus among regions is apparently greater.

Keywords: Regional financing system; regional public finances; intergovernmental relationships; fiscal federalism; tax reform.

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