The Government highlights that La Rioja has met in 2017 with debt and deficit targets

The Government highlights that La Rioja has met in 2017 with debt and deficit targets

  • La Rioja has met the debt and deficit targets in 2017 and closes the budget year at pre-crisis execution levels, according to the Minister of Public Administration and Finance, Alfonso Domínguez, who has shown his “satisfaction” for this fact.
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Precisely, has indicated, in the subsequent appearance to the Governing Council, accompanied by the spokesperson of the regional executive, Begoña Martínez Arregui, who has informed the Council tomorrow about the closure of the budget execution for the year 2017 of the Autonomous Community of La Rioja and the Executive Financing Strategy for the current fiscal year.

In the first place, it has detailed that La Rioja has closed the year 2017 fulfilling the objective of budgetary stability in terms of public debt set by the Fiscal and Financial Policy Council for 2017 at 18.3 percent of GDP, as This morning the Bank of Spain reported. Thus, the debt of La Rioja, in absolute terms, stood at 1,570 million euros in the fourth quarter, which is 83 million more than in 2016, which have been used to finance the expenses derived from the coverage of the deficit and the return of negative settlements.

Likewise, La Rioja has met in 2017 with the objective of stability at the close of the year with a deficit of -0.39 percent, below the limit set at -0.6 percent. For the counselor “these data confirm that La Rioja is a solvent community, with credibility and a future, since it has been able to contribute to the fiscal consolidation of this country, strengthening the quality of essential public services and reducing taxes on citizens” .

 

In this sense, the degree of budget execution rose to 94.43 percent in 2017, “thus being at pre-crisis levels”. According to the execution data, the Government of La Rioja has given priority to social and health expenditure, since the degree of execution of SERIS reaches 99.40 percent; the Ministry of Health, 98.26 percent; Education, Training and Employment, 94.68 percent and Social Policies, 84.51 percent. The Ministry of Agriculture, Livestock and the Environment (92.66) and Promotion and Territorial Policy (95.05%) also stand out for their high execution.

As for the income budget, it has been executed at 94.05 percent and highlights the behavior of indirect taxes, whose execution rises to 114 percent, as a result of the improvement of the economic situation and the greater activity. Thus, in 2017, more than 327 million euros have been collected.

FINANCE STRATEGY FOR 2018

Domínguez stressed that in this context, “the Government of La Rioja has designed a financing strategy for the current year, which is based on three axes: the maintenance of La Rioja in the Financial Facility Fund, in extending the average life of the debt portfolio and setting interest rates, and looking for new financing formulas in the bond market. “

Thus, the regional executive has agreed to expand the accession of La Rioja in the Financial Facility Fund during the second quarter of the year and while the conditions remain favorable for the region, so it will hire a new operation with the ICO by value of 169.4 million.

This new operation is added to the one carried out for the first quarter for a value of 82.4 million euros. The Financial Facility Fund is the only funding mechanism enabled exclusively for communities that have met budget stability objectives.

The permanence of La Rioja in this mechanism allows it, on the one hand, to cover the financing needs of the Community under conditions more favorable than those currently offered by the market and, on the other, to extend the average life of the debt portfolio and to fix the interest rates before a foreseeable rise in the markets.

The Government of La Rioja will continue to adhere to this mechanism as long as its conditions continue to be favorable to the interests of the region. Otherwise, it would explore other financing channels such as the bond market, which includes the so-called responsible bonds, directly linked to social development and to finance projects with environmentally sustainable benefits.

Currently, 96.8 percent of the debt of the Autonomous Community of La Rioja is covered by long-term debt (of which, 81.5 percent are public debt issues and 15.5 percent bank loans ) and 3.2 percent in the short term.

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Is the weed born or made?

Few study groups within ecology and agriculture are baptized with a term as strong and negative as weeds . When I talk about the object of our work with friends, we do not miss the quick response by saying proverb: “weed never dies”. Even sometimes the most focused request the magic potion that ends with those annoying little plants that invade their neighborhood garden.

In the definitions given by the experts, the subjective and anthropocentric nature of the concept is clear. The Spanish Society of Malherbology (SEMh), define weeds as ” any plant or vegetation that interferes with the objectives or needs of man” . Therefore, in addition to orchards and crops, we place the weed blocking roads and ditches or spoiling the lawn of any sports facility. The characteristics that define these pioneer plants are having more than one life cycle per year, underground organs with which to regenerate, very high production of seeds , rapid growth and early flowering … The number of ‘skills’ present depends on whether we are faced with a plant with high potential as a weed.

Of the 250,000 plant species that exist, it is estimated that 3% act as weeds . Thus, although it may seem that any species has the potential to interfere with our interests, the reality is that there are characteristics that predispose this 3% to manifest pernicious behavior. We could translate more than a score of these physiological attributes into a single ecological feature: the ability to colonize and develop successfully in disturbed habitats . Do not forget that our protagonists were here long before there were crops, roads, ditches and football fields. We have simply put within their reach environments with a strong anthropization that favor their colonizing character.So, a weed is so as it affects the human being, without being something intrinsic to the biology of the plant. In fact, species classified as weeds and that can cause losses in orchards and crops, such as borage ( Borago officinalis ), are both regularly cultivated for consumption. And we go further. According to The world’s worst weeds -something as well as the bible of harmful species for agriculture-, in the top ten of weeds, we find the purslane ( Portulaca oleracea ), which is common in Portuguese greengrocers .The most paradoxical case occurs when a species of crop already harvested, for example a barley, is presented as unwanted grass in another subsequent crop on the same land. This situation is designated by the term ‘ricio’ . Could we deduce therefore that barley in this case is a weed? Yes, definitely.

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The bad-good herbsIt seems a contradiction to try to highlight positive aspects of something that is qualified as bad in its denomination, that is why we should refer to this vegetable group with a term without pejorative load: weed plants . Protect the soil from compaction and erosion, serve as habitat to natural enemies of pests , favor the presence of pollinators , be used for medicinal and nutritional purposes are some of its benefits, in addition to its undoubted landscape and social value. How would Van Gogh have painted ‘Field of wheat with crows’ or Monet his ‘Poppies’?In addition, the presence of weeds contributes to biodiversity and ecological balance . Many times it has been the human being himself, in his eagerness to turn the fields into intensive factories of food production, which has created the ‘monster’ of the weed, causing the irruption of species difficult to control because of the elimination of companion species that exercised control over those.From this point of view, we have begun to become aware of the need for legal protection over weed communities. In its 1994 Action Plan for Biodiversity, Great Britain has already established Cereal field margin hap as one of its 46 priority habitats, defined as “swaths of land between cereal crops and the boundary with the countryside, extending within the cultivation in a specific distance, managed to favor the species under conservation “. Not everything will be panda bears and inaccessible flowers of remote peaks in conservation.*   José Manuel Martín is a technician in the Department of Plant Protection of the Institute of Agrarian Sciences (ICA) of the CSIC.Tags: agricultural sciences, CSIC Divulga, scientific culture, Institute of Agricultural Sciences, weeds | Stored in: Biology, Earth Sciences.

Candela: "It is essential to change the financing model because the structural deficit grips the future."

Sabadell CAM counts among its clients with 80% of the companies that bill more than 6 million in the Autonomous Community

José Manuel Candela, regional director of Banco Sabadell-Cam has assured in the working meeting held with the members of Murcia Seniors Club that the Murcian companies with more sales and better projection, live moments of self-restraint when undertaking productive long-term investments term for the doubts that arose at the end of 2015.

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"They negotiate the operations with us and once they have approved them, they tell us in many cases: thank you very much, but reserve it there that I will tell you when it has to be formalized," says Candela.

According to the first manager of Sabadell in the Community, the banking business is working well in the management of the working capital of these companies, which are numerous and solvent. The financing of current spending and short-term operations are going well, but the investment that provides for sustained growth and an improvement in the global economic scenario raises concerns about the uncertainty of the markets.

"We face the paradox that companies expect to sell more in 2016 and would need, for example, to change machinery, but the decision is delaying it until the clearest scenario is seen," he said.

These actions are attributed by the first executive of the entity in Murcia to the volatility that is experienced until a clearer horizon is seen. The obvious consequence of the doubt of investing in the future is that it reduces competitiveness.

Ignacio Cerezuela, president of MSC, moved the concern of SMEs in an uncertain regional context, and in terms of the growth of the demand for quality services and products of the national market.

CLIENTS: 80%,

Big enterprises

"Our market share in companies with more than six million turnover is 80 percent," says the regional director of Banco Sabadell.

Since 2012, when taking over the CAM, has transferred from the entity that model "expertise" that was already with the company. In business forums, they usually comment that the role of the bank is notorious and has become a business reference in the productive world of the Region of Murcia.

Candela says that the effect of uncertainty in individuals with mortgages has not been noticed, as a large investment by families. "The decision to buy a private individual is not conditioned now by the political circumstances and, in addition, we come from a very good year 2015".

For the territorial responsible manager of Solvia, the big real estate of Sabadell, this positivism must be put in context, "we have dragged a very bad mortgage situation."

And, last year 2015 in the Autonomous Community, Banco Sabadell Cam grew 36 percent in the mortgage loans granted, above the general 20 percent of the Region.

Public indebtedness

The indebtedness of the 7,500 million of the Community that "grips" the regional budget and the possible productive investment of the Public Administration, for José Manuel Candela is "a brutal slab and causes us to owe more than 5,000 euros each inhabitant. crisis has multiplied by eleven, and this forces to change the system of autonomic financing ".

For Candela, it will cost a lot to pay off the debt, which grips the future. "The position of Banco de Sabadell in the Region of Murcia in terms of financing current public expenses has always been clear: we are the main funders, it is a commitment that has to be that way".

The transversal nature of Murcia Seniors Club-MSC, an organization made up of businessmen, managers and professionals from different economic sectors of the Region, allows us to address these and other issues from multiple perspectives, providing enriching answers. Murcia Seniors Club-MSC is the entity responsible for the preparation of the Social Barometer of the Region of Murcia.

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The wealth of families rises 20% in a year and exceeds the level before the crisis

  • The figure, which represents the difference between savings and loans, stood at 995,993 million euros in September, according to the Bank of Spain.
  • The increase in wealth is explained because savings grow at the expense of consumption and because fewer loans are requested and granted.
  • The 20 richest Spaniards equal the incomes of the poorest nine million, according to the NGO Oxfam.
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Euro notes, in a file image. GTRES

The net financial wealth of Spanish families -difference between savings and loans granted- stood at 995,993 million euros in September 2013, 20.8% more than a year earlier. In this way it exceeds the level prior to the crisis, which was in 2007, but still does not reach the trillion euros of 2006.

According to the data published this Monday by the Bank of Spain , compared to the immediately previous quarter, Spanish families have seen their financial wealth grow 8.1%, considerably more than the 1.20% that grew in the second quarter.

In this way, the data links five consecutive quarters to the upside , after a brief negative streak that was recorded during the first two quarters of 2012.

The increase is explained because savings grow at the expense of consumption and because fewer loans are requested and granted . According to data from the National Institute of Statistics (INE) also referred to the second quarter of last year, family savings rose by one point because of a decline in final consumption. Regarding loans, only in the case of mortgages the INE notes that those constituted in September 2013 were almost 31% less than in the same month of 2012.

More cash and investments

The financial assets of Spanish households – cash in cash, stocks, deposits and rental securities – reached 1,856 billion euros in September, compared to 1,732 billion euros a year earlier and also higher than the 1,799 billion euros recorded at the end of June. .

In deposits and cash , families hoarded up to September 872.804 million, 35.230 million more than in the same month of 2012 and 6.327 million less than at the end of the previous quarter.

Investment in shares and other equity increased 22.8% year-on-year and reached 619,069 million.

Decrease credits

As for the financial liabilities of the families-short and long-term loans and other outstanding accounts, such as commercial loans and advances-were reduced again for the fifth consecutive quarter and stood at 860,536 million euros.

Compared to the records of September 2012, financial liabilities were reduced by 48,223 million euros , since then they amounted to 908,759 million.

Consumption has fallen back with deferred payment The data show a fall both interannual and quarterly short-term loans , which stood at 28.520 million compared to 30.641 million had been granted a year earlier and 36.473 million the previous quarter.

This means that consumption has fallen back with deferred payment , since these credits are usually used to purchase goods such as televisions or automobiles.

Long-term loans also fell in the third quarter, although in this case, they had already been falling for several quarters, specifically since December 2011, as a result of lower funding requests due to the crisis and also due to the greater hardness of the conditions imposed by the banking to lend.

Specifically, at the end of September, families residing in Spain accumulated 771,006 million in long-term loans , compared to 780,563 million in the previous quarter and 813,120 million in a year earlier.

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  • Economic crisis

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