The previous regional government of José Ramón Bauzá and the Partido Popular has left behind a total of 398 million euros worth of arrears to suppliers and other administrations. To this amount, 8,434 million euros of bank debt needs to be added, making a total of 8,832 million. In order to pay it off, the new government would need to be able to do so at a rate of 24 million euros a day, something that would be impossible.
Public finances
Government bank debt almost doubled under the PP
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Jaume Matas the Second.