C.M.W.
Maó
At 22,721,008 euros, Ciutadella Council's debt is the largest of any on the island, in terms of the amount involved but not on a percentage basis. A Council's indebtedness is calculated by dividing the amount owed to the banks by the current income. The result is a percentage which, according to the law, cannot exced 110%. Currently the most indebted Council in Menorca is Alaior, at 84%, followed by Ciutadella at 78.79%. However, the budget presented by the Grupo Mixto, currently in power in Ciutadella, would raise the percentage to a level above that permitted by the law.
Menorca | English pages
At 22.7 million euros, the district's debt is the largest of any council on the island
Ciutadella Council facing problems with its budget
It has been calculated that if the Council's current debt were shared out amongst all the residents in the district each person would owe 791 euros
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