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Areas General Services Economy and Treasury Formentera joins calls for funding reform in the Balearics

Formentera joins calls for funding reform in the Balearics

foto plataforma financiacioThe Formentera Council reports that two administration officials —first deputy chair Susana Labrador and tax office secretary Bartomeu Escandell— have met this week with spokespeople from a group called Platform for Fair Funding in the Balearic Islands.

The tax office chief underscored the importance of “getting our islands a REIB that makes good on all the funding deficits we've got with Madrid”, using an initialism that refers to a proposed “special funding regime” for islands in the archipelago. The Formentera Council, said Escandell, “has always maintained our region doesn't get the funding from Madrid that it should”, confiding that that was behind the administration's decision to join the chorus of calls for a fair funding scheme for the Balearics and Formentera.

The Platform's goal is to educate politicians and society so longstanding pleas for a funding adjustment are finally heard. Their hope is to bring ordinary people on board as well, so Balearic society be fully united in its call for appropriate funding.

Among several of the group's appeals is a call for a new funding model; acknowledgement (via adoption of the REIB) that islanders face significant differences due to geographical circumstances; progressive and substantial increase of investment coming out of Madrid; payment of still outstanding corporate investments; shared responsability with Madrid for the region's debt; measures to ease airport congestion and repeal of the so-called “Montoro Law”.

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Agència Tributària de les Illes Balears

Wifi Formentera

Revista Formentera més propera

Agència Tributària

Ministerio de Economía y Hacienda

Política Regional - Inforegio