Formentera’s budget down 0.16% on last year

The Consell de Formentera have a budget for 2015 of €21,962 million, representing a decrease of 0.16% on the previous year. The island institution stressed that they have achieved zero debt with the budget of the Island for the fourth consecutive year because they stabilised it at around €22 million. The Minister for Finance of the Consell Insular de Formentera, Bartomeu Escandell recalled that bank debt is between €3 and €5 million and will be repaid in 2015. Furthermore, for the first time, this budget includes the transfer cost of Formentera’s waste to the Ca na Putxa landfill.

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