The regional financing system has been outdated for 14 years: a model that disadvantages the Balearic Islands, the second-largest contributor of resources per capita but the tenth-largest recipient. Now, the Spanish government has put forward a new proposal. What do we know, and how might it affect the Balearic Islands?

The Balearic Islands will approach their record fiscal deficit of the last decade in 2025. These are the calculations of the Ministry of Economy and Finance, which forecasts that the difference between what the Islands contribute and what they receive will be €570.4 million. This deficit was only surpassed in 2020, the year of the pandemic, when the balance was €579.5 million. On the eve of the Fiscal and Financial Policy Council (CPFF), where the Spanish government will explain its proposed reform of the financing system, the Ministry warns that the Islands are among the territories most disadvantaged by the current distribution.

The Catalan government is once again criticizing Catalonia's unique financing system, although one A similar agreement applied to the Islands would benefit them.The Catalan Ministry of Finance's initial reaction to ERC president Oriol Junqueras' announcement of an agreement with the Spanish government was to criticize the fact that it was negotiated bilaterally. "Its content is unknown, beyond the brief glimpses offered by one of the parties involved in the meeting," sources from the department stated, referring to ERC: "A party that doesn't even govern in its own region." In this regard, they have already indicated that they have requested a meeting of the Fiscal and Financial Policy Council to "discuss the necessary reform of the financing system."

The general secretary of ERC and president of the Republican group in Barcelona, ​​Elisenda Alamany, is in Palma this Tuesday to attend the events commemorating Mallorca Day, December 31st. She is accompanied by the president of Esquerra in the Balearic Islands and councilor in the Manacor City Council, Carme Gomila. They advocate sovereignty as an ideal inseparable from social rights and speak of the "entire nation," referring to the Catalan Countries.