Palma. There are colleges in the Islands which have barely 20 euros left in the till, Antoni Quintana, President of the Balearic Secondary School Directors' Association said yesterday. If there are schools who have more than this paltry sum, it's because they are not up to date with their bill payments, he alleged, adding that everyone is in the same situation at the moment. He said that secondary schools such as those in Santa Ponsa, and Madina Mayurca (in Palma) have no cash at all, describing these two as just the tip of the iceberg. Quintana claimed that the situation had reached this critical point because the regional government was five months behind in paying education subsidies. He said that it was only on 11th November when the government finally paid just 25 percent of what it owed schools for the second term of the academic year. That means we were paid what we were owed up until 30th June, said Quintana.
School cash flow in critical situation
OTHER NEWS
06/12/2013 00:00
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