The Economy of Catalonia

With respect to the Public Treasury, the data published by the Bank of
Spain may be taken as a basis for consideration (see Table 7).
Bank of Spain. Public Treasury
Reserve assets and other assets in foreign currency approx. value in million euros
A. Reserve assets 35,633
Convertible currencies. Securities 20,884
Convertible currencies. Currency and deposits 446
Reserve position in the IMF 2,259
SDR 3,061
Monetary gold (including gold loans) 8,984
Other reserve assets
−2
B. Other assets in foreign currency 2,246
37,879
Source: Bank of Spain. September 2013. 40
Taula 7. Reserve assets and other assets in foreign currency
Consideration should also be given to the Treasury Bonds for the purchase
of quality securities of the banking system and the debt issues of
ICO (the Official Credit Institute) should be studied as well.
Movable property of the State. Special mention of military material
On a general basis, the State movable property of the predecessor State,
other than that which has been previously mentioned, passes to the successor
States in equitable proportions.
Special mention should be made of military material, above all considering
that there are unliquidated purchases which form part of the debt
incurred and that these transactions are in progress.
Indeed, military material is an important expense in the State budgets. It
is difficult to quantify these assets with the means at our disposal but the
amount of the PEAS (Special Armament Programmes) awaiting execution
is known.
At the present time there are armament programmes under way up to
the year 2022 for the amount of 33,000 million euros.
40. BDE. http://www.bde.es/webbde/es/estadis/bpagos/temples.pdf.
160 The Economy of Catalonia