The Vice President and Minister of Economy, Finance and Innovation, Antoni Costa, accompanied by the Director General of Budget and Financing, Tomeu Alcover, will present this afternoon in Ibiza the 2025 budgets of the Autonomous Community of the Balearic Islands. Both Costa and Alcover will meet with the president of the Consell de Ibiza, Vicent Marí, representatives of his government team, the mayors of the municipalities and social entities of the island. This is one more day in the framework of a round that makes the vice president of the Govern with different administrations of the islands, in order to collect different opinions and evaluate possible adjustments to the draft general budget law, which will be discussed in the coming weeks in Parliament. For example, on Monday Costa was in the Consell de Mallorca, and last week he did it with different businessmen of the island.
Ibiza cuts
Despite the fact that the 7,469 million euros budgeted by the Govern implies a 2 % increase compared to 2024, and the strong focus on social spending areas such as health, education, housing and the water cycle, the 2025 Budget involves a cut for the pittusas islands.
Specifically, in the case of Ibiza, the allocated budget is 77.4 million euros, almost 5 million less than last year’s 82.3 million. For Formentera, it goes from 12.1 million in 2024 to 11.3 million in 2025. Costa has admitted that this is the first time that the budget of these island councils has been reduced. However, the Vice President and Council of Economy has clarified that there will be additional items and that the Govern will compensate these adjustments with other investments of regional impact. For example, he has pointed out that 40 million euros will be given in road agreements aimed at improving road safety on the islands. So far, local politicians have been cautious about these budget cuts. In this context, the repercussions of Costa’s visit will have to be closely monitored.
