Basque estates collect 18,212.5 million, 6.3% more, thanks to the boost from Personal Income Tax and Companies

Basque estates collect 18,212.5 million, 6.3% more, thanks to the boost from Personal Income Tax and Companies


The Basque provincial estates raised last year by agreed taxes 18,212.5 million of euros, which represents 1,081.8 million euros more than in 2022 and an increase of 6.3%. This evolution, according to the Minister of Economy and Finance, Pedro Azpiazu, makes up the “solid progress” of the Basque economy. The taxes of Companies and personal income tax drove this growth.

The closing of last year’s collection was confirmed this Monday within the Basque Public Finance Council (CVFP), a body in which the regional government, provincial councils and city councils are represented, the latter through the Association of Basque Municipalities-Eudel.

The collection achieved by the provincial treasuries in 2023 stood at 18,212.5 million euros, assuming 1,081.8 million euros more than in 2022, which in relative terms represents a year-on-year increase of 6.3%. This collection figure means a degree of execution over the last forecast made last October of 100.6%, and 100.8% over the budget figure.

Regarding direct taxation, the two main taxes that have contributed, in a relevant way, to the progress of collection are the Income Tax (with an increase of 9%) and Societys, which has increased 21%, as explained by Pedro Azpiazu. The counselor stressed that last year’s tax revenue data confirms “the solid progress of the Basque economy“, in a context of “less inflationary tensions than last year.”

indirect taxation

In the indirect taxation section, the collection for the total VAT has practically stabilized compared to 2022, an evolution that is largely explained by the rate reductions approved at the end of 2022 for certain basic products (cereals, oils, fruits) and in the field of energy (electricity, gas, pellets), ” in an economic context of moderation in price increases”, as indicated by the counselor.

In addition, 2023 was the first year in which two new taxes were collected for environmental purposes: €25.4 million from the excise tax on non-reusable plastic containers, and 10.7 million euros of tax on waste deposits in landfillsboth agreed with the central government within the Joint Commission of the Economic Agreement of November 2022.

The Provincial Council of Álava has collected through concerted taxes 2,841.2 million, 4.1% more that in 2022; the Provincial Council of Bizkaia 9,411 millionwith a year-on-year increase of 6.9%; and the Provincial Council of Gipuzkoa has raised 5,960.3 million, 6.5% more than the previous year.

Once known the closure of tax collection and payments to the Statethe final amount of the settlement of the Contributions amounts to 12,074.9 million, 173.8 million more than initially budgeted.

In view of the closing of collection for the year 2023, it will be provide the General Adjustment Fund with 135.6 million and will be distributed between Álava and Gipuzkoa, to which 58,822,545 and 76,821,955 euros correspond, respectively.

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