![\"presupuestos](\"https:\/\/mallorcaglobalmag.es\/wp-content\/uploads\/\/2023_11_9_2977430m-1024x583.jpeg\")
Moment of the press conference after the Consell de Govern. Photo: Govern Balear.<\/p><\/div>\n
More than 1 billion in investments<\/h2>\n
For the first time, the investment budget for 2024 will exceed 1 billion euros. Specifically, it will stand at 1,154.2 million, representing an increase of 156.6 million (+15.7%) compared to the 2023 figure.<\/p>\n
The Sustainable Tourism Tax (ITS) will facilitate investments of up to 136.07 million euros, distributed as follows: 28 million for the Regional Ministry of the Presidency and Public Administrations; 26 million for the Regional Ministry of Tourism, Culture and Sports; 7 million for the Regional Ministry of Economy, Finance and Innovation; 10 million for the Regional Ministry of Housing, Territory and Mobility; 25 million for the Regional Ministry of Agriculture, Fisheries and Natural Environment; and 40 million for the Regional Ministry of the Sea and Water Cycle.<\/p>\n
Thus, more than half of the ITS (50.7%) will go to environmental policies (investments in water and natural environment, plus 4 million for Menorca Biosphere Reserve, framed in the Ministry of Presidency and Public Administrations). And, in the case of the Conselleria del Mar y del Ciclo del Agua, 86.27 million euros must be added from a finalist fund created specifically for projects related to the water cycle.<\/p>\n
On the other hand, the insularity factor transferred from the State amounts to 103.82 million euros, which are divided as follows: 21.53 million for the Regional Ministry of Education and Universities; 5 million for the Regional Ministry of Economy, Finance and Innovation; 14.3 million for the Regional Ministry of Families and Social Affairs; 24 million for the Regional Ministry of Housing, Territory and Mobility; and 38.98 million for the Health Service of the Balearic Islands (Ibsalut).<\/p>\n
Tax reform<\/h2>\n
The bill contemplates a 0.5% reduction in the autonomous tax bracket of personal income tax for middle and low incomes, those under 30,000 euros. This affects 3 out of 4 taxpayers. For incomes over 30,000 euros, the reduction is 0.25%. In total, there will be 45 million euros of annual savings for the citizens of the Balearic Islands, and which continues the roadmap established last July with the elimination and reduction of the Inheritance and Gift Tax (60 million annual savings), and the Transfer Tax (15 million annual savings).<\/p>\n
Deficit and public debt<\/h2>\n
The non-financial budget foresees a scenario for 2024 of zero deficit, i.e. a balanced budget. In addition, next year it is estimated to reduce public debt by 32.29 million euros (8,750.61 million total), when compared to the 2023 closing forecast (8,782.9 million). Looking at the volume of debt over GDP, in 2024 it will stand at 24%, 0.9% less than the 2023 closing estimate. This would be the lowest figure since 2012, when it stood at 23.6%.<\/p>\n","protected":false},"excerpt":{"rendered":"