Formoso called for a financial and legislative reform to guarantee the economic sufficiency of local entities, highlighting that between 15% and 18% of the Spanish GDP, nearly 1.69 trillion euros, is conditioned by the actions of municipalities and provincial councils.
The provincial leader pointed out that the rising costs of energy, waste collection, water treatment, and home help services, along with salary increases for staff, compromise the economic stability of municipalities, stating that "no matter how much is adjusted and how well it is managed, the accounts don't add up".
He considered the announced increase in the Xunta's Local Cooperation Fund (FCL) insufficient and called for the non-conditional part to be "200 million euros as a minimum reference figure".
He highlighted the role of the Provincial Council of A Coruña, through the Plan Único (POS), in supporting municipalities, with a record figure of almost 180 million euros, warning that "without this economic model from the Provincial Council, municipalities will go bankrupt".
Formoso argued that responsibilities must be accompanied by adequate funding and that local entities need stable income to plan investments and not just pay bills, advocating for proximity as the strength of municipalism that requires stable resources and means.
He acknowledged the work of the secretaries, comptrollers, and treasurers of the local administration, essential for the functioning of municipalities and the legal certainty of public management, and defended the independence of professionals responsible for controlling public funds.
The conference, organized by COSITAL Atlántico, brings together speakers from the Ministry of Finance, the Court of Auditors, the Xunta de Galicia, and the Provincial Council of Seville at Pazo de Mariñán to discuss fiscal rules, the use of surplus funds, economic-financial plans, and local financing prospects for 2027.
