Finance
Council of Majorca boosting spending on social services and roads
The Llucmajor-Campos road, considered to be the most dangerous in Majorca. | Alejandro Sepúlveda
Palma20/10/2017 00:00
The Council of Majorca's budget for 2018 will rise by 61 million euros to 441 million. This additional spending is accounted for in different ways. Under the law of financing for the island councils, it will get almost 22 million euros more from the government, on top of which there will be more than 18 million to pay for a transfer of responsibilities from the government to the Council. The remainder will essentially be borrowing, principally to cover the cost of any rulings with regard to land, and a reduction in interest payments of almost 12 million euros.
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