Andalusia will receive more than 562 million from the Regional Liquidity Fund
December 13, 2013
Andalusia will receive more than 562 million from the Regional Liquidity Fund (FLA) and was announced yesterday by the Minister of Finance and Public Administration Cristobal Montoro.
The money to distribute amounts to EUR 2.879 million for the nine communities some of which are already benefiting from the funds.
Montoro made the announcement during his speech in the Senate and said the Government Commission for Economic Affairs has decided to redistribute the surplus to the regions FLA 2013.
The money will come before the end of December and will provide liquidity to the treasuries of these autonomous communities “to meet payments required.”
The breakdown is as follows, according to the agency Efe Andalusia, 562 million euros, Asturias, 157; Baleares, 232; Canarias, 73, Cantabria, 136; Castilla-La Mancha, 121; Catalonia, 873; Murcia, 160 and Valencia, 561 million.