El fondo de compensación interterritorialAnálisis y propuestas para una reforma

  1. Fernández Leiceaga, Xoaquín
  2. Lago Peñas, Santiago
  3. Alvarez Corbacho, Xoaquín
Book:
XXI Encuentro Economía Pública

Publisher: Universitat de Girona = Universidad de Gerona

Year of publication: 2014

Pages: 73

Congress: Encuentro de Economía Pública (21. 2014. Girona)

Type: Conference paper

Abstract

The aim of this paper is twofold. First, we analyze the Inter-territorial Compensation Fund (ICF) as a regional policy instrument contemplated in the 1978 Spanish Constitution. Attention is focused on the period 1990-2013. Both the drivers of the ICF and its impact on regional public investment are analyzed. Second, a reform proposal is discussed, involving changes in ICF total amount in order to compensate the decline of the flow of European funds to Spain. The criteria to become a beneficiary region and the distribution of grants are also discussed. Finally, we stress the need to improve planning, efficiency, and transparency in using ICF resources.