The Counselor of Treasury and Relations with the European Union, Matilde Asián, has presented to the Governing Council an update on the budget execution for 2025.
With a final adjusted credit for 2025 of 13,814 million euros, and having as a priority the maintenance of the welfare state, non-financial obligations have increased from 11,350 million to 12,145 million euros, with a level of execution at the close of fiscal year 2025 of 92.6% of recognized obligations over the final credit compared to 89.8% in 2024. This percentage increase is the largest in the last four years.
In absolute terms, by chapters, discounting the effect of the MRR, non-financial operations grow 673.7 million euros with respect to 2024. As for current obligations, with MRR, the execution rate is maintained around 97% annually.
For its part, the execution percentage of capital operations is 68.6%, which represents a significant improvement over the 2024 level, also placing itself slightly above the years 2022 and 2023.
Current and capital operations
When breaking it down without MRR, it is observed that current operations grow by 555 million, reaching 10,596.4 million euros. This is due to the growth of 293.4 million in the chapter of personnel expenses, which amounts to 4,778.6 million euros; to the increase of 160 million experienced by current expenses in goods and services, reaching a total of 2,056.3 million euros; the rise in financial expenses of 4.3 million to 107.5 million euros, and to the growth of the chapter of current transfers, which increases by 97.4 million, reaching 3,653.9 million euros.
For its part, also without MRR, capital operations grow by 118.7 million, which gives a total figure of 1,235.2 million euros. This increase is explained by the growth of 77.9 million in real investments (up to 585.2 million), motivated by the investment increase of the Servicio Canario de la Salud and of Bienestar Social, Igualdad, Juventud, Infancia y Familias. Capital transfers also grow by 40.8 million, reaching 650 million euros due to the increase of FDCAN (in the section of Various Ministries) and due to the increase in transfers in Transición Ecológica y Energía.
Effect of the Recovery and Resilience Mechanism
Discounting the effect of the Recovery and Resilience Mechanism, spending on non-financial operations is increased by 6% compared to the 7% that results when counting the effect of the RRM.
By sections, in quantitative terms, the expenditure on non-financial operations, discounting the MRR, grew by 673.7 million euros. Those that showed the greatest growth were the Servicio Canario de Salud, with 369.8 million, followed by Education, Vocational Training, Physical Activity and Sports, with 112.5 million; Various ministries with a growth of 72 million, and Social Welfare, Equality, Youth, Childhood and Families, with 71 million euros.
In global amounts, the largest executions were presented by the Servicio Canario de Salud with 4,909 million, followed by Educación, Formación Profesional, Actividad Física y Deportes with 2,197 million and Bienestar Social, Igualdad, Juventud, Infancia y Familias with 914 million euros.
Revenue and budgetary result
Regarding the revenue forecast for 2025, net rights have been recognized for an amount of 11.936 million euros, which represents an increase of 198,2 million euros and represents an additional 1,7% to the forecast made in the preparation of the General Budget Law of the Canary Islands Community for 2026.
If the net recognized rights for the 2024-2025 fiscal year are compared, it is observed that they grow by 37.3 million euros, which represents an increase of 0.29% over the rights recognized in the previous fiscal year 2024.
The decrease in rights recognized in capital transfers corresponds to the road agreement, which went from 282 to 176 million euros, and to a lower certification of European funds at the end of the fiscal year, both with regard to the initial forecasts and those made in the last quarter, where it reduced by 84.7 million euros. This amount will be certified in 2026.
Given the expenses and revenues, and as a summary in relation to the last estimate made for the closing of fiscal year 2025 for the 2026 budget, revenues exceeded the estimate made by 1.1% and expenses did so by 0.9%. The combined effect of these variations causes the estimated budget balance made for a negative amount of -224.4 million euros, finally, to stand at -209 million euros.