The regional president stated that the Fdcan has generated "positive effects" on the archipelago's development, justifying the intention to provide it with a larger budget. This proposal was made during the regional Parliament's control session.
Last week, at the IV Conference of Island Presidents, held in Las Palmas de Gran Canaria, the seven island councils and the Autonomous Executive evaluated the Fdcan's performance after a decade of operation. At this meeting, it was agreed to extend the fund for another ten years, introducing "some changes," including a greater focus on housing.
“"11 years ago, what was clear to us was that if the compensation for the defunct General Tax on Business Traffic (IGTE) was introduced into current expenditure, we would not achieve accelerating elements or greater territorial cohesion."
The president emphasized that his Government has always defended equality among the islands, preventing some from progressing at a faster rate. In this regard, the Fdcan has proven to be a useful tool for this purpose, as he affirmed in response to a deputy from the Gomera Socialist Group (ASG).
The technical commission responsible for renewing the Fdcan is expected to complete its work in May, with the aim of signing the agreement in June. The intention is to obtain authorization to increase the community's debt, which would allow for an investment plan of 1.6 billion euros and the injection of more funds into the Fdcan to enhance its positive effects.
