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    <title><![CDATA[Ara Balears in English - delegation]]></title>
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    <description><![CDATA[Ara Balears in English - delegation]]></description>
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    <ttl>10</ttl>
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      <title><![CDATA[Business leaders skeptical of the financing model: "The Islands will continue to pay much more than we receive."]]></title>
      <link><![CDATA[https://en.arabalears.cat/business/business-leaders-are-skeptical-the-islands-will-continue-to-pay-much-more-than-we-receive_1_5620550.html]]></link>
      <description><![CDATA[<p><img src="https://static1.ara.cat/clip/30620f22-51be-437b-a31c-63fa483484d0_16-9-aspect-ratio_default_0.jpg" /></p><p>"In the Balearic Islands, we're burdened with an unbearable public deficit, regardless of who governs here or in Madrid," states Jordi Mora, president of the small and medium-sized businesses of Mallorca (PIMEM), bluntly. This statement encapsulates the frustration of being the second-largest contributor to the central government and receiving the least, second only to Madrid, and seeing that things won't change much with the new funding model. Despite business skepticism, Mora has also said recently that pessimism is a mistake because "this proposal provides more resources and will improve public services, and opens the door to bilateral negotiations. Therefore, the Balearic government can still improve it." But while the fine print of the central government's proposal is still pending, business leaders are quite clear that, even if Madrid distributes more millions, the balance between contributions and receipts will be against the interests of the islanders. "It's hard to imagine this changing in the short term. We'll continue paying far more than we receive," says Toni Garí, an industrial entrepreneur and member of the manufacturers' association Construïm. Business owners in the Balearic Islands have been warning for years that the regional financing system doesn't reflect the economic reality of an island territory. Now, with negotiations for a new model underway, the business sector is once again focusing on a problem they consider structural: the Balearic Islands contribute significantly to the central government, but don't receive enough resources to compensate for the additional costs of operating in a fragmented territory disconnected from the mainland. </p>]]></description>
      <dc:creator><![CDATA[Jaume Perelló]]></dc:creator>
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      <pubDate><![CDATA[Sat, 17 Jan 2026 09:24:05 +0000]]></pubDate>
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      <media:title><![CDATA[The Government delegate and Rosario Sánchez explaining the model to the social agents.]]></media:title>
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      <subtitle><![CDATA[They listen with resignation to the disparate accounts given by the State and the regional government, and demand more resources to compensate for insularity.]]></subtitle>
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