On Tuesday, the Government approved the preliminary draft organic law that sets in motion the largest partial cancellation of regional debt ever carried out, an operation by which the State will absorb 83,252 million euros, equivalent to a quarter of the indebtedness of the common system. The Balearic Islands is among the most favored communities, with an estimated saving of 1,741 million Euros, according to the spokeswoman of the Executive, Pilar Alegría. The plan will be sent to Congress before the end of the year for processing.
Alegría underlined that the measure will allow the autonomous regions to free up to 6,700 million in interest, funds which the Executive plans to redirect towards health, education and dependence….