The mayor of Palma, Jaime Martínez, announced on Monday the largest budget in Palma's history, promising "more investment, less pressure, and less debt than ever before." Specifically, the City Council's budget for 2026 will be €623.9 million, an increase of €13 million compared to this year, or 2.25%. At a press conference following the governing board meeting, Martínez, alongside the Vox leader in Palma, Fulgencio Coll, stated that planned investment will total €90 million, €5.5 million more than in 2025, representing a 6.5% increase. According to Martínez, the largest allocation in the new budget is for Infrastructure, Accessibility, and Industrial Parks, with over €130.5 million, followed by Public Safety and Civic Engagement, with €121 million, and Finance, Public Administration, and Internal Affairs. These three areas account for nearly half of the total planned expenditure for the next fiscal year.