Autonomous Liquidity Fund

Last updated

Autonomous Liquidity Fund (FLA) ( Spanish: Fondo de Liquidez Autonómica) is a credit line created by the Spanish Government on 2012 because of the financial crisis. It is designed so that the central government lends money to the autonomous communities and that they do not have to finance their debt in the markets. [1] It is run by the ICO (Official Credit Institute), under the Ministry of Economy, Industry and Competitiveness. There is a common and indispensable requirement, which forces the autonomous communities that cling to the Fund to allocate the money to pay the debt with the banks or financial entities mainly. [2]

Spanish language Romance language

Spanish or Castilian, is a Western Romance language that originated in the Castile region of Spain and today has hundreds of millions of native speakers in the Americas and Spain. It is a global language and the world's second-most spoken native language, after Mandarin Chinese.

Line of credit credit source extended to a government, business or individual by a bank or other financial institution

A line of credit is credit source extended to a government, business or individual by a bank or other financial institution. A line of credit take several forms, such as overdraft protection, demand loan, special purpose, export packing credit, term loan, discounting, purchase of commercial bills, traditional revolving credit card account, etc. It is effectively a source of funds that can readily be tapped at the borrower's discretion. Interest is paid only on money actually withdrawn. Lines of credit can be secured by collateral, or may be unsecured.

Contents

Financing per year

2012

In the first year, 9 autonomous communities requested the Fund and in total, the central government delivered €16.6 billions: [3]

Euro European currency

The euro is the official currency of 19 of the 28 member states of the European Union. This group of states is known as the eurozone or euro area, and counts about 343 million citizens as of 2019. The euro is the second largest and second most traded currency in the foreign exchange market after the United States dollar. The euro is subdivided into 100 cents.

Andalusia Autonomous community of Spain

Andalusia is an autonomous community in southern Spain. It is the most populous and the second largest autonomous community in the country. The Andalusian autonomous community is officially recognised as a "historical nationality". The territory is divided into eight provinces: Almería, Cádiz, Córdoba, Granada, Huelva, Jaén, Málaga and Seville. Its capital is the city of Seville.

Catalonia Autonomous area of northeastern Spain

Catalonia is an autonomous community in Spain on the northeastern corner of the Iberian Peninsula, designated as a nationality by its Statute of Autonomy. Catalonia consists of four provinces: Barcelona, Girona, Lleida, and Tarragona. The capital and largest city is Barcelona, the second-most populated municipality in Spain and the core of the sixth most populous urban area in the European Union. It comprises most of the territory of the former Principality of Catalonia. It is bordered by France (Occitanie) and Andorra to the north, the Mediterranean Sea to the east, and the Spanish autonomous communities of Aragon to the west and Valencia to the south. The official languages are Catalan, Spanish, and the Aranese dialect of Occitan.

Canary Islands Archipelago in the Atlantic and autonomous community of Spain

The Canary Islands is a Spanish archipelago and the southernmost autonomous community of Spain located in the Atlantic Ocean, 100 kilometres west of Morocco at the closest point. The Canary Islands, which are also known informally as the Canaries, are among the outermost regions (OMR) of the European Union proper. It is also one of the eight regions with special consideration of historical nationality recognized as such by the Spanish Government. The Canary Islands belong to the African Plate like the Spanish cities of Ceuta and Melilla, the two on the African mainland.

2013

In the second years, other 9 autonomous communities requested the money of the Fund, being delivered by the government almost €20 billions. [4]

Valencian Community Autonomous community of Spain

The Valencian Community is an autonomous community of Spain. It is the fourth most populous autonomous community after Andalusia, Catalonia and Madrid with more than 4.9 million inhabitants. Its homonymous capital Valencia is the third largest city and metropolitan area in Spain. It is located along the Mediterranean coast on the east side of the Iberian peninsula. It borders with Catalonia to the north, Aragon and Castilla–La Mancha to the west, and Murcia to the south. The Valencian Community consists of three provinces which are Castellón, Valencia and Alicante.

Asturias Autonomous community and province of Spain

Asturias, officially the Principality of Asturias, is an autonomous community in north-west Spain. It is coextensive with the province of Asturias, and contains some of the territory that was part of the larger Kingdom of Asturias in the Middle Ages. Divided into eight comarcas (counties), the autonomous community of Asturias is bordered by Cantabria to the east, by Castile and León to the south, by Galicia to the west, and by the Bay of Biscay to the north.

Balearic Islands Archipelago in the Mediterranean, autonomous community, and province of Spain

The Balearic Islands are an archipelago of Spain in the western Mediterranean Sea, near the eastern coast of the Iberian Peninsula.

2014

In 2014, Asturias did not request money from the Fund, however, it was requested by Extremadura, and once again, 9 the Autonomous Communities that requested the Fund. €23.2 billions were delivered this year.

Extremadura Autonomous community of Spain

Extremadura is an autonomous community of the western Iberian Peninsula whose capital city is Mérida, recognised by the Statute of Autonomy of Extremadura. It is made up of the two largest provinces of Spain: Cáceres and Badajoz. It is bordered by the provinces of Salamanca and Ávila to the north; by provinces of Toledo and Ciudad Real to the east, and by the provinces of Huelva, Seville, and Córdoba (Andalusia) to the south; and by Portugal to the west. Its official language is Spanish.

2015

In this year, 5 autonomous communities requested the FLA. The rest were financed through another fund (Financial Facility Fund). €22.5 billions were delivered.

2016

In 2016, €28.3 billion were distributed among 9 autonomous communities.

Apart from those mentioned, the Canary Islands and Galicia were financed by the Financial Facility Fund.

Endowment of the fund

Since its creation, the fund has distributed more than €110 billion, from the Ministry of the Treasury, banks or financial entities interested in investing in this type of funds.

Related Research Articles

This gallery of flags of the autonomous communities of Spain shows the distinctive flags of the 17 autonomous communities, plus the autonomous cities of Ceuta and Melilla.

This gallery of coats of arms of the autonomous communities of Spain shows the distinctive coats of arms of the 17 autonomous communities of Spain, plus the autonomous cities of Ceuta and Melilla.

The Segunda División B 2007–08 season was the 31st since its establishment. The first matches of the season were played on 25 August 2007, and the season ended on 15 June 2008 with the promotion play-off finals.

Political divisions of Spain subclass of administrative territorial entities

The political division of the Kingdom of Spain is defined in Part VIII of the Spanish constitution of 1978, which establishes three levels of territorial organization: municipalities, provinces and autonomous communities, the first group constituting the subdivisions of the second, and the second group constituting the subdivisions of the last. The State guarantees the realization of the principle of solidarity by endeavouring to establish an economic balance between the different areas of the Spanish territory.

2007 Spanish regional elections

The 2007 Spanish regional elections were held on Sunday, 27 May 2007, to elect the regional parliaments of thirteen of the seventeen autonomous communities—Aragon, Asturias, the Balearic Islands, the Canary Islands, Cantabria, Castile and León, Castilla–La Mancha, Extremadura, La Rioja, Madrid, Murcia, Navarre and the Valencian Community—, not including Andalusia, the Basque Country, Catalonia and Galicia, which had separate electoral cycles. 812 of 1,206 seats in the regional parliaments were up for election. The elections were held simultaneously with local elections all throughout Spain.

2011 Spanish regional elections

The 2011 Spanish regional elections were held on Sunday, 22 May 2011, to elect the regional parliaments of thirteen of the seventeen autonomous communities—Aragon, Asturias, the Balearic Islands, the Canary Islands, Cantabria, Castile and León, Castilla–La Mancha, Extremadura, La Rioja, Madrid, Murcia, Navarre and the Valencian Community—, not including Andalusia, the Basque Country, Catalonia and Galicia, which had separate electoral cycles. 824 of 1,218 seats in the regional parliaments were up for election. The elections were held simultaneously with local elections all throughout Spain.

2015 Spanish regional elections

The 2015 Spanish regional elections were held on Sunday, 24 May 2015, to elect the regional parliaments of thirteen of the seventeen autonomous communities—Aragon, Asturias, the Balearic Islands, the Canary Islands, Cantabria, Castile and León, Castilla–La Mancha, Extremadura, La Rioja, Madrid, Murcia, Navarre and the Valencian Community—, not including Andalusia, the Basque Country, Catalonia and Galicia, which had separate electoral cycles. 804 of 1,198 seats in the regional parliaments were up for election. The elections were held simultaneously with local elections all throughout Spain.

2003 Spanish regional elections

The 2003 Spanish regional elections were held on Sunday, 25 May 2003, to elect the regional parliaments of thirteen of the seventeen autonomous communities—Aragon, Asturias, the Balearic Islands, the Canary Islands, Cantabria, Castile and León, Castilla–La Mancha, Extremadura, La Rioja, Madrid, Murcia, Navarre and the Valencian Community—, not including Andalusia, the Basque Country, Catalonia and Galicia, which had separate electoral cycles. 792 of 1,186 seats in the regional parliaments were up for election. The elections were held simultaneously with local elections all throughout Spain.

1983 Spanish regional elections

The 1983 Spanish regional elections were held on Sunday, 8 May 1983, to elect the regional parliaments of thirteen of the seventeen autonomous communities—Aragon, Asturias, the Balearic Islands, the Canary Islands, Cantabria, Castile and León, Castilla–La Mancha, Extremadura, La Rioja, Madrid, Murcia, Navarre and the Valencian Community—, not including Andalusia, the Basque Country, Catalonia and Galicia, which had separate electoral cycles. 764 of 1,139 seats in the regional parliaments were up for election. The elections were held simultaneously with local elections all throughout Spain.

1987 Spanish regional elections

The 1987 Spanish regional elections were held on Wednesday, 10 June 1987, to elect the regional parliaments of thirteen of the seventeen autonomous communities—Aragon, Asturias, the Balearic Islands, the Canary Islands, Cantabria, Castile and León, Castilla–La Mancha, Extremadura, La Rioja, Madrid, Murcia, Navarre and the Valencian Community—, not including Andalusia, the Basque Country, Catalonia and Galicia, which had separate electoral cycles. 779 of 1,169 seats in the regional parliaments were up for election. The elections were held simultaneously with local elections all throughout Spain, as well as the 1987 European Parliament election.

A provincial deputation is the governing body of a province of Spain.

Results breakdown of the 2014 European Parliament election in Spain

This is the results breakdown of the European Parliament election held in Spain on 25 May 2014. The following tables show detailed results in each of the country's 17 autonomous communities and in the autonomous cities of Ceuta and Melilla.

Results breakdown of the 2009 European Parliament election in Spain

This is the results breakdown of the European Parliament election held in Spain on 7 June 2009. The following tables show detailed results in each of the country's 17 autonomous communities and in the autonomous cities of Ceuta and Melilla.

1991 Spanish regional elections

The 1991 Spanish regional elections were held on Sunday, 26 May 1991, to elect the regional parliaments of thirteen of the seventeen autonomous communities—Aragon, Asturias, the Balearic Islands, the Canary Islands, Cantabria, Castile and León, Castilla–La Mancha, Extremadura, La Rioja, Madrid, Murcia, Navarre and the Valencian Community—, not including Andalusia, the Basque Country, Catalonia and Galicia, which had separate electoral cycles. 784 of 1,178 seats in the regional parliaments were up for election. The elections were held simultaneously with local elections all throughout Spain.

Results breakdown of the 1999 European Parliament election in Spain

This is the results breakdown of the European Parliament election held in Spain on 13 June 1999. The following tables show detailed results in each of the country's 17 autonomous communities and in the autonomous cities of Ceuta and Melilla.

1995 Spanish regional elections

The 1995 Spanish regional elections were held on Sunday, 28 May 1995, to elect the regional parliaments of thirteen of the seventeen autonomous communities—Aragon, Asturias, the Balearic Islands, the Canary Islands, Cantabria, Castile and León, Castilla–La Mancha, Extremadura, La Rioja, Madrid, Murcia, Navarre and the Valencian Community—, not including Andalusia, the Basque Country, Catalonia and Galicia, which had separate electoral cycles. 786 of 1,180 seats in the regional parliaments were up for election. The elections were held simultaneously with local elections all throughout Spain.

1999 Spanish regional elections

The 1999 Spanish regional elections were held on Sunday, 13 June 1999, to elect the regional parliaments of thirteen of the seventeen autonomous communities—Aragon, Asturias, the Balearic Islands, the Canary Islands, Cantabria, Castile and León, Castilla–La Mancha, Extremadura, La Rioja, Madrid, Murcia, Navarre and the Valencian Community, not including Andalusia, the Basque Country, Catalonia and Galicia, which had separate electoral cycles. 784 of 1,178 seats in the regional parliaments were up for election. The elections were held simultaneously with local elections all throughout Spain, as well as the 1999 European Parliament election.

2019 Spanish regional elections

The 2019 Spanish regional elections will be held on Sunday, 26 May 2019, to elect the regional parliaments of twelve of the seventeen autonomous communities—Aragon, Asturias, the Balearic Islands, the Canary Islands, Cantabria, Castile and León, Castilla–La Mancha, Extremadura, La Rioja, Madrid, Murcia and Navarre—, not including Andalusia, the Basque Country, Catalonia, Galicia and—for the first time—the Valencian Community. 715 of 1,208 seats in the regional parliaments will be up for election. The elections will be held simultaneously with local elections all throughout Spain, as well as the 2019 European Parliament election.

References

  1. ↑ What is FLA? In Spanish.
  2. ↑ Catalonia will be the first autonomous community to receive money from the Liquidity Fund In Spanish.
  3. ↑ Mechanism of payment to suppliers and FLA PDF. In Spanish
  4. ↑ The autonomies save 5,000 million in interest thanks to state credits In Spanish
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.