Budget for the Balearic Regional Goverment in 2012

NEXT year the Balearic Regional Government will have more money to spend thanks to a new financing system.

€1 out of every €5 will go towards paying off their bank debt, according to Vice President Jose Ignacio Aguilo.

The region will have at its disposal €3.7 billion during 2012, which is €291million more than in 2010 and representing an 8.5 per cent increase.

Despite the extra funds there will still be cuts in investments and subsidies.

Photo credit: Images_of_Money

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