FISCAL BALANCE

VI. CONCLUSIONS AND RECOMMENDATIONS
• IN 2019, THE DECENTRALIZED ENTITIES OF THE DEPARTMENT OF SANTANDER
RECORDED REVENUES OTHER THAN THE SGR OF $2.72 TRILLION, EQUIVALENT
TO 200% OF THE DEPARTMENT'S REVENUE, A FIGURE THAT DEMONSTRATES ITS
IMPORTANCE FOR FINANCE AND FOR THE PROVISION OF SERVICES BY THE
TERRITORIAL ENTITY.
• LEGAL PROCEEDINGS AGAINST THE ENTITY ARE A HIGH RISK FACTOR FOR
DEPARTMENTAL FINANCES AND IT IS NECESSARY TO PROVISION ECONOMIC
RESOURCES FOR THE PAYMENT OF THOSE THAT CAN BE CONFIGURED AS
ENFORCEABLE LIABILITIES, STRENGTHEN THE LEGAL DEFENSE OF THE
TERRITORIAL ENTITY AND DETERMINE THE CAUSES OF THE INCREASE IN
PROCESSES AND AMOUNTS.
• THE COVID-19 PANDEMIC HAS CAUSED IMPACTS ON THE DEPARTMENT'S
CURRENT INCOME, WHILE CONTINUING TO CAUSE UNCERTAINTY ABOUT THE
FISCAL AND BUDGETARY EFFECTS THAT MAY OCCUR.
• THE MAIN CHALLENGES OF TERRITORIAL ADMINISTRATION ARE AIMED AT
CONTINUING EFFORTS ON SOCIAL ASSISTANCE AND ECONOMIC REVIVAL, IN
SUCH A WAY AS TO MINIMIZE THE NEGATIVE IMPACT ON UNEMPLOYMENT, LOSS
OF ABILITY TO PAY AND POVERTY; IN ADDITION TO MANAGING SOURCES OF
FUNDING – INCLUDING INDEBTEDNESS – TO SUPPORT THE MULTIANNUAL
INVESTMENT PLAN OF THE DEVELOPMENT PLAN.