Several experts in regional financing have agreed this Wednesday in betting on strengthening multilateral bodies such as the Fiscal and Financial Policy Council (CPFF), as well as undertaking a comprehensive and territorial reform of the Senate to face the renewal of the financing system. At the same time, they have insisted on demanding a leveling fund for underfunded communities, as requested by several economic organizations. This is how various professors, professors and doctors in Economics expressed themselves this Wednesday in the seminar organized by the May 1st Foundation of Workers’ Commissions (CCOO) on the keys to the new regional financing model. The first to intervene was the former president of the Galician socialists and university professor in the Department of Applied Economics of the University of Santiago de Compostela (USC), Xoaquín Fernández, who outlined his proposals for a new regional financing model. In line with several of the Government’s theses, Xoaquín Fernández has opted for the fiscal co-responsibility of the autonomous communities and has spoken of promoting the “federal culture” so that the different singularities of the territories are recognized in the new regional financing model. THE FISCAL POLICY COUNCIL In any case, he believes that governance will play a determining role in addressing the reform of the regional financing model, advocating to reform multilateral bodies such as the Fiscal and Financial Policy Council to facilitate its political function. However, several of these experts who met this Wednesday at the headquarters of the Economic and Social Council have also agreed on creating a leveling fund for underfinanced autonomous communities, such as the Valencian Community, Murcia, Andalusia and Castilla-La Mancha, without dwelling excessively on the economic agreement for Catalonia agreed between PSC and ERC. The professor of Applied Economics at the Rey Juan Carlos University of Madrid, Jesús Ruiz, has opted to address the view that there is underfinancing in the autonomous communities, in local corporations and even at the state level in the Government. For his part, the professor of Applied Economics at the University of Santiago de Compostela Santiago Lago has dedicated his speech to highlighting the need to face a tax reform, warning that the current system is “a ruin”, while at the same time he has opted for giving the autonomous communities “more tax capacity.”