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By Francisco Cortez

The Balearic Government will increase investment in the region next year but warned, “austerity policies will remain for the foreseeable future”.The Balearic authorities  will also not approve any more budget cuts in 2015.
The decision was confirmed  by Jose Vicente Mari, Minister for Finance  during a parliamentary session that took place yesterday.
The councillor lifted the veil on next year’s budget and explained the government has at its disposal 3,349 million euros to invest in the region, a 5,9 percent increase from this year.
“The extra budget”, Mari continued “derives from an increase of 96 million euros from the government’s contribution and a considerable increase from the amount of taxes collected in the first six months of this year, 14 percent more than during the same period the year before.”