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The Department of Economics gets cut debt by 17.3 million during the first half of the year (25/07/2016)

The City Council abolishes the bridge loan that allowed access to European funding and cancels all its policies, including the derivative of Suvilor.

The debt figure goes from 105 million in 2007 to 48.5 today.

The Councillor for Economy and Finance in the City of Lorca, Fulgencio Gil, reported that the city council has managed to cut the debt inherited in 2007 amid EUR 56 million, from more than 105 million to a total of 48,584. € 679.60 today.

This is a real success, the result of the effort that this administration and the implementation of successive plans of economy, efficiency and cost optimization, which have managed to bring our example to follow.

We must remember, in this regard, which took several years applying adjustment measures because we were aware that the seriousness of the situation that had been generated against the municipal coffers required urgent and decisive actions that allow us to straighten the exponential increase in economic output, which he had led the council to a situation of real bankruptcy.

Fulgencio Gil explained that the current situation is that the city, in addition to lower its debt to 48.5 million, has managed to suppress banking policies, including the company Suvilor, which are already at 0. In fact, as data most importantly, we must emphasize that the whole package of debt during the first half of this year we improved 17,311,185.38 euros.

This is the result of writing off the bridge signed by the City Council to obtain European funds known loan, and a further reduction of 1,946,269.41 euros in the regular spending Consistory.

We are talking about the Consistory, today, it has recovered debt levels of 14 years (2002) ago, which is excellent news for which we must congratulate all Lorca.

The mayor of Economics has stated that these remarkable advances have been achieved even when more whipped the "perfect storm", facing the worst economic crisis in history, a fact to which the devastating effects of the earthquake in May 2011 joined and the serious damage caused by flooding in September 2012. Nevertheless we managed to maintain the provision of all municipal services, including expanding existing ones, while we are running the largest battery of improvements in investment in neighborhoods and districts of the history of our town.

Councilman of Economy said that the involvement and awareness of all municipal areas has been a key role to have reached this achievement.

We must point out that we have also found the understanding of groups, associations and citizens who, after making known the true economic situation prevailing in the City Council have acted responsibly.

Fulgencio Gil noted that since the city council will continue working on this line in order to continue to improve the economic situation of the City, which, as the main problem facing serious contingencies such as payment of convictions resulting from planning agreements.

Source: Ayuntamiento de Lorca

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