Government cuts its rent bill by half

The Balearic government spent 3'311 million pesetas on increasing the heritage last year and Antoni Garcías, the director general of the heritage, explained that the purchases have enabled it to cut its 300 million pesetas a year rent bill by half. He said that one of the priorities of the ruling Progress Pact was to reduce running costs and favour investment. Garcias explained that last year, the Balearic government paid 143.4 million pesetas to rent the offices occupied by the education ministry and by the end of the current legislature, would have paid 761 million pesetas. To avoid this, the government purchased the Flex building in Calle Aragon for 985 million pesetas and all the education offices will be moved there within two years. Another purchase was the ONCE building for which the government was paying 750'000 pesetas a month. The Progress Pact immediately signed the purchase option. One of the latest purchases was the old Banco de Valencia building between Calle Zanoguera and Bisbe Perelló, near the Plaza España for 263 million pesetas.