The Balearics is the wealthiest province in Spain, with an average income per person of £16.711 per year, but only 66 percent of the region's wealth is spent on social welfare leaving the Balearics is sixth place on the social investment table. According to a study into Human Development in the Balearics carried out by the Balearic treasury, the region has “difficulties in using its economic potential to the benefit of the population.” In response to the findings, the Balearic Chief Minister, Francesc Antich, yesterday called on social and economic institutions to help improve social welfare. Antich admitted that the report confirms that the region has a good economy, with the highest rate of income, but on the other hand, he pointed out “we still have a long way to go in distributing the wealth the region generates.” But with the National Statistics Office last year publishing a report that some families in the Balearics have serious problems in reaching the end of the month while others are unable to save, the divide between the rich and the poor appears to be widening. Balearic Minister for Finance, Joan Mesquida, added that, in comparison to other regions, there is “neither a direct not automatic” correlation between economic development and social welfare in the Balearics.


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