Portal de Lorca
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This measure is an improvement in liquidity would get 3.2 million euros, contributing to further reduce cash requirements (which have been cut in half in just two years).
Current Municipal Administration has achieved a reduction of 28 million euros in debt he inherited in 2007.
Councillor for Economy and Finance of the City of Lorca, Luis Amador, has reported that the city council has asked the Ministry of Finance and Public Administration to modify loan terms initialed in time to qualify for the payment plan providers, whereby the City would get an improvement in liquidity of 3.2 million, helping to further reduce cash requirements (which have been cut in half in just two years).
Amador Pérez explained that this proposal seeks to benefit from the ministerial agreement that raises the amendment of certain financial terms of the transactions under the underwritten debt financing mechanism for payment to providers of local authorities.
Councilman Economics stressed that this measure would help to improve the situation of the municipal coffers, adding to measures of economy, efficiency and austerity that were implemented by the government team years ago and whose development and implementation is allowing reverse the situation the current municipal administration was found in 2007 (the year in which an audit revealed that the city had more than 105 million euros debt).
We are talking about improving cash odds, namely 1.7 million this year and next to 1.5.
We must remember that the current municipal administration has achieved a reduction of 28 million euros in debt he inherited in 2007. Figures show that of the 105.4 million that were confirmed as debt in 2007, have been reduced to 77 , 4 today.
The new conditions applied for the loan payment plan providers be made more flexible, so that the grace period would be extended another year and the interest rate would be reduced by 131 basis points.
Luis Amador stressed that these figures show that the City is committed to savings, thrift and efficiency in the use of public money are paying off.
We were faced with a desperate economic situation, with a ruined and spoiled the waste and waste council, but Lorca Francisco Jodar put the means before the rest of the country administrations.
And so, despite the economic crisis, earthquakes, floods and the result of past payments still emerging today, now the picture is different.
Although the situation is still difficult and we have to face new challenges, we are also aware that the collective effort has borne fruit.
It should be emphasized that, in addition, have managed to balance both cash accounts as the municipal budget.
The proposal was ratified at the Extraordinary Plenary Council of Lorca that has developed this morning, with the affirmative vote of the Governing Body and the Municipal Socialist Group, and abstention from Municipal UI.
Source: Ayuntamiento de Lorca
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