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Treasury Announces The Distribution Of Funds To The Autonomous Communities For 34,693 Million Euros

The Ministry of Finance and Public Function has communicated to the autonomous communities the regional distribution of the 34,693 million euros of the cohesion funds 2021-2027, so that the autonomies classified as “less developed” -Andalucía, Castilla-La Mancha, Extremadura, Ceuta and Melilla- will take a total of 18,100 million, 52.17% of the total.

The European Union, in addition to classifying these regions as less developed, has drawn up two other classifications: transition regions and more developed ones. In the first group, Asturias, the Balearic Islands, the Canary Islands, Cantabria, Castilla y León, the Valencian Community, Galicia, the Region of Murcia and La Rioja are located, which will take 12,195 million.

On the contrary, the most developed regions, according to European criteria, Aragon, Catalonia, Navarra, Madrid and the Basque Country, amounted to 4,398 million euros, 12%.

The EU’s Cohesion policy considers regions less developed to be those with a per capida GDP of less than 75% of the average GDP of the EU; Transition regions to those with a GDP between 75% and 100% EU average; and more developed regions, those whose GDP exceeds 100% of the EU average.

Cast by CCAA
Thus the things, in the first group of less developed regions, Andalusia will take 12,710 million; Castilla-La Mancha, 2.459 million; Ceuta, 98 million; Extremadura, 2,725 million, and Melilla, 108 million.

In the second group, that of the regions known as Transition, Galicia is in first place, with 3,150 million euros. After her, Canarias are placed, with 2,785 million (adding the RUP Fund); Valencian Community, 2.473 million; Murcia, 1,231; Castilla y León, 1,204 million; Asturias, 584 million; Balearic Islands, 485 million; Cantabria, 187 million, and La Rioja, 97 million.

Finally, the 4,398 million in the most developed regions are divided as follows: Catalonia takes 2,052 million euros; Madrid, 1,476 million; Basque Country, 398 million; Aragon, 361 million, and Navarra, 112 million.

This amount has been allocated to Spain for the Growth and Employment Objective of the European Regional Development Fund (Feder) and the European Social Fund (ESF +) within the Multiannual Financial Framework (MFP) 2021-2027. These 34,693 million represent an increase of 13.2% in relation to the 2014-2020 period.

The regional distribution of these funds occurs after the definitive approval of the regulations that regulate the European Structural and Investment Funds in the period 2021-2027, which set out the conditions for the programming and execution of these funds in those years.

Through the Feder, actions aimed at reducing the disparities between the levels of development of the different regions of the EU and reducing the backwardness of the less favored areas are financed, through participation in the structural adjustment of the territories and the reconversion of industrial regions declining, including among other measures, promoting sustainable development.

For its part, the ESF + aims to support individual Member States and regions to achieve high levels of employment, fair social protection and a skilled and resilient workforce.

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