Palma.—Balearic Councils are failing to hit their deficit targets and therefore making it increasingly difficult for the Balearic Government to reduce its deficit.
Figures released yesterday by the tax office, revealed that on 31 December last year, the region’s councils were 861,49 million euros in debt - nearly two percent more than on the same day in 2012.
The government was expecting to have seen a reduction considering all councils have been ordered to slash their public spending to help the region out of recession - but they have clearly failed. Palma Council ran up the largest debt, 376,92 million euros, 12 percent higher than the previous year.