Government budget and revenue in Balearic Islands, Spain: official figures
The consolidated 2026 budget of the Balearic Islands totals €7.47 billion, 5th smallest of 17 regional budgets and 2.7% of the combined budgets of the 17 autonomous communities; the figure is virtually unchanged from 2025 because the budget was rolled over.
Does the Balearic Islands have a budget deficit?
The 2026 budget of the Balearic Islands plans a non-financial deficit of €592 million, equal to 1.20% of regional GDP (2nd weakest balance of 17); the 17 communities together plan a surplus of €3.39 billion, 0.2% of GDP.
Source: Ministerio de Hacienda · saved copyHow much does the Balearic Islands spend on public sector salaries?
Non-financial revenue in the Balearic Islands' 2026 budget is €5.97 billion and non-financial spending €6.56 billion; staff costs take 35.9% of that spending (3rd lowest of 17) and real investment 3.3%.
Source: Ministerio de Hacienda · saved copyHow much tax does the Balearic Islands collect?
Tax revenue (direct and indirect taxes) in the Balearic Islands' 2026 budget is €6.03 billion, 7th largest of 17; its share of personal income tax (IRPF) is budgeted at €2.59 billion and its share of VAT at €1.66 billion.
Source: Ministerio de Hacienda · saved copyHow much debt does the Balearic Islands pay each year?
Debt service (interest plus repayments) takes €918 million in the Balearic Islands' 2026 budget, 12.3% of total spending, against 14.8% across all communities; the budget plans new borrowing of €1.27 billion and repayments of €827 million.
Source: Ministerio de Hacienda · saved copyHow much does the Balearic Islands raise from inheritance tax?
Among the taxes the Balearic Islands sets itself, the 2026 budget expects €65 million from inheritance and gift tax, €61 million from wealth tax and €846 million from property transfer and stamp duty (ITP-AJD).
Source: Ministerio de Hacienda · saved copyHow Balearic Islands compares with other autonomous communities
Regional government budget, 2026 (total spending, € billion) (2026)
Balearic Islands ranks 13 of 17, highest first.
| Rank | Region | Regional government budget, 2026 (total spending, € billion) |
|---|---|---|
| 10 | Aragón | €8.10bn |
| 11 | Murcia | €8.05bn |
| 12 | Extremadura | €7.60bn |
| 13 | Balearic Islands | €7.47bn |
| 14 | Asturias | €6.92bn |
| 15 | Navarre | €6.74bn |
| 16 | Cantabria | €3.76bn |
Planned non-financial budget balance, 2026 (% of regional GDP) (2026)
Balearic Islands ranks 16 of 17, highest first.
| Rank | Region | Planned non-financial budget balance, 2026 (% of regional GDP) |
|---|---|---|
| 11 | Navarre | -0.59% |
| 12 | Andalusia | -0.82% |
| 13 | Canary Islands | -0.88% |
| 14 | La Rioja | -1.00% |
| 15 | Asturias | -1.16% |
| 16 | Balearic Islands | -1.20% |
| 17 | Extremadura | -2.10% |
Debt service (interest and repayments), share of the 2026 budget (2026)
Balearic Islands ranks 7 of 17, highest first.
| Rank | Region | Debt service (interest and repayments), share of the 2026 budget |
|---|---|---|
| 4 | Aragón | 15.2% |
| 5 | Castilla-La Mancha | 15.1% |
| 6 | Castilla y León | 13.2% |
| 7 | Balearic Islands | 12.3% |
| 8 | Cantabria | 12.3% |
| 9 | Madrid | 11.4% |
| 10 | Galicia | 11.4% |
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Sources
- Ministerio de Hacienda: Presupuestos Generales de las Comunidades Autónomas, año 2026 (resumen ejecutivo, published 31 March 2026), read 23 October 2026 · saved copy (SHA-256 81db80f35219…)
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