The Balearic government's budget plan for the next three years contemplates a deficit in both 2026 and 2027. Forwarded for analysis by Spain's finance minister, María Jesús Montero, the key reasons for this deficit are tax cuts and increased public spending, especially on personnel.
Tax cuts set to push the Balearics into the red
Changes to inheritance and wealth taxes are a cause
Also in News
- Emergency declared on Ryanair flight bound for Palma from Dublin
- Mallorca ambassador Sir Bradley Wiggins has “lost” his Mallorca home
- Mallorca restaurants losing clients, tourists tighten their belts
- Mallorca hotelier - "I wouldn't go to a place where I perceived there to be animosity towards tourists"
- Mallorca needs to remember price is king
5 comments
To be able to write a comment, you have to be registered and logged in
SaraYep I agree - if it is about doctors and nurses or teachers then great I'll gladly pay for that - but really we all know that these extra costs are probably not coming from extra doctors and nurses, far more likely to be extra spending on consultants, administrators and other expensive people in suits.
Who would have thought, lowering taxes whilst promising everything (and delivering nothing). This lot are economically illiterate and totally useless!
Chris GAbsolutely! More jobsworths! When i first moved to my little town i was looking at all the oranges falling from the trees and the council guy sweeping them up and throwing them away. I asked him about them and he said they are too "marga" to eat so i said they would be great for marmalade. His response was, " yes, but you cannot collect them because they are not yours!" And he continued to sweep them up and throw them away. I like to think there will be a "special" place for mean-spirited people like that when the time comes. The irony of this article is that we are constantly being told how AI is taking over and we will all be without jobs.........clearly not in Mallorca!
Chris GDifficult to opine without knowing the specifics of “personnel”. It could mean more nurses, doctors etc - badly needed.
Why, oh why are they increasing public spending on personnel??? The administration is already unwieldy! Just like any business has to, they need to focus on getting more from what they have rather than increasing the spending on extra personnel.