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The Spanish Government demands an additional budget reduction of 3.2 billion euros to Catalonia, while the Catalan Government claims 3.3 billion owed by the Spanish State. Catalan parties have accused Prime Minister Zapatero of reducing his government’s deficit by increasing that of the autonomous communities. The Spanish Government wants to force Autonomous Communities to pay for the deficit by limiting it through specific laws.

Andreu Mas-Colell, the Catalan Minister for Economy, reflected on the issue at a ceremony, where savings bank La Caixa and Catalan universities were giving away up to new 20 grants for research projects. The objective is to prevent a possible brain drain in Catalonia. Mas-Colell said that once the sector reforms were accomplished, the financial entities would get more freedom.

The Catalan Government’s initiative received the support of its own group (CiU) as well as votes from the opposition: the Catalan Socialist Party (PSC), the Catalan People’s Party (PPC) and the Left-Wing Catalan Independence Party (ERC). The Catalan Minister for Economy Andreu Mas-Colell explained the details of the legal initiative that was passed via an urgency procedure. The initial amount will be of 2,613 million euros.

The Catalan Government sent its austerity and viability plan to the Spanish Ministry of Economy for reviewing yesterday. The plan reduces the public deficit in more than 2 points and sets it at 1.3% for 2011. The finances of the Catalan Government are generating a wide debate at the moment, which is even been covered by international media.

The new Catalan Government announced today that the budget for 2011 (currently the 2010 has been extended) will be ready within the next 4 months and approved before the summer break. The Government’s Spokesperson, Francesc Homs, said that for the first time, the budget will be “clearly smaller” than the previous year’s. In addition, the new Government asked for an external audit on the Catalan public administration’s finances.

Mas-Colell was a professor at Berkeley and Harvard universities. Most recently, he chaired the Barcelona Graduate School of Economics and was a professor at the Universitat Pompeu Fabra. He is a specialist in microeconomics and some of his publications are world-renowned references on the subject. Mas-Colell had already been Minister of the Catalan Government between 1999 and 2003, in charge of universities. Now he will be Minister for the Economy, Budget and Universities, stressing the importance of innovation and research.

Artur Mas has finally decided upon the composition of his government. Mas waited to swear office and officially become President of the Catalan Government to make public his ministers’ names. Harvard and Berkeley professor Andreu Mas-Colell will be the Economy and Universities Minister. ESADE professor and international consultant, Francesc Xavier Mena will be in charge of Business and Employment. Socialist Ferran Mascarell accepted Mas’ offer to become the next Culture Minister. The Christian-Democrats hold the Vice Presidency and responsibilities on Public Administration, Relations with Spain, Agriculture and the Environment.