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Clavijo Estimates State Debt to the Canary Islands at 340 Million Euros

The president urges the approval of the Canary Islands decree to transform economic commitments into enforceable rights.

Detail of the Spanish flag with the volcanic landscape of the Canary Islands in the background.
IA

Detail of the Spanish flag with the volcanic landscape of the Canary Islands in the background.

The President of the Canary Islands Government, Fernando Clavijo, has estimated the outstanding state debt to the archipelago at 340 million euros, linking this amount to the necessity of approving the Canary Islands decree.

The President of the Canary Islands Government, Fernando Clavijo, stated on Tuesday that the state's debt to the islands amounts to 340 million euros, corresponding to agreements and economic resources that should have been received throughout 2026. Clavijo linked this figure to the urgency of approving the Canary Islands decree, a tool he argued would allow these financial commitments to become legally enforceable rights.
During the control session in the regional Parliament, Clavijo responded to the Popular Party deputy Luz Reverón, who questioned the central government's financial non-compliance. The parliamentarian accused the Executive of Pedro Sánchez of "announcing a lot for the Canary Islands and delivering very little."
The head of the autonomous executive detailed that the 340 million euros refer to pending agreements, linked to employment plans, poverty funds, additional POSEI, and actions in tourism and educational infrastructure. These funds originate from the State General Budgets of 2023 and their formalization awaits new state accounts.
Clavijo warned that the Canary Islands' financial problem is greater, alerting to a "liquidity shortfall of 1,250 million euros" due to the lack of updated advance payments. He added the risk that future autonomous financing might mix funds from the Special Tax Regime (REF) with the common system, potentially creating a "shortfall of over 2,500 million euros."
Despite the outlook, the president defended his Executive's work "with seriousness and rigor" and its commitment to defending the general interests of the Canarian people. He insisted that the Canary Islands decree is key to strengthening the archipelago's position with the State, allowing rights to be claimed "even in the courts."
In response to Vox deputy Nicasio Galván, Clavijo estimated the Spanish Government's non-compliance rate "around 65%," clarifying that it is not total non-compliance. He acknowledged the complexity of the relationship with the central government but cited progress in transport free travel, poverty funds, the La Palma employment plan, and the hydraulic works agreement.
Regarding the reform of the autonomous financing system, addressed by CC deputy David Toledo, Clavijo described the current model as "obsolete" and "unfair" to the islands. He stressed the need for "unity" to achieve a new system that does not harm the Canary Islands, warning that "in this matter, Canarians will be alone."

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