The Consell de Govern has approved the General Budget Bill of the Autonomous Community of the Balearic Islands for 2023 for a total of 7,133.4 million euros. The new budgets increase by 11.5% compared to 2022, a total of 735.6 million euros, making them the highest in history. The incorporation of resources from the European Next Generation EU fund and the inclusion of additional state funds from the insularity factor provided for in the Special Regime for the Balearic Islands stand out.

The 2023 budgets allocate a significant part of the resources to investment policies, in order to continue advancing vital projects in the islands. In addition, they allocate almost 60% of the resources for public policies to social spending, so that health, education, social services, employment and housing policies together exceed 4,096 million euros, the highest figure in history, with an increase of more than 13%. At the same time, resources for policies for the development and improvement of the productive model, such as the environment, energy transition, sustainable mobility, the primary sector, research, trade and industry, increased by 50% to 767 million.

More public housing

The legislature will end with an increase of 72% in the public housing stock in the Balearic Islands as a whole, with the incorporation of 1,273 new public housing units for rent compared to the 1,756 that were recorded in 33 years.

The Agreement of the Consell de Govern to approve the draft budget law of the Autonomous Community for 2023 is the step prior to parliamentary processing and provides that this new budget bill is delivered to the Parliament for processing, examination and approval in accordance with the provisions of the Statute of Autonomy of the Balearic Islands and the Rules of Procedure of the autonomous Parliament.