Portal de Lorca
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The Full Council of Lorca has realized eta morning at its regular meeting for the month of April the liquidation of the 2014 budget The Mayor of the city, Francisco Jodar, said that the city council last year managed to improve substantially all of the economic-financial, consolidating the positive trend that the City is getting since 2008. Entering figures, note that we have achieved a further reduction in municipal debt totaled 14.26 million euros, leaving this magnitude parameters in 63,220,000.
We must remember that the amount of debt that the current municipal administration received in 2008 amounted to 105.2 million euros, indicating that in just seven years has managed to trim more than 42 million euros.
This includes one of the priorities for action in the economic work of the Consistory, as was the inherited debt reduction in payments to suppliers, which has also managed to cut significantly, from 40.23 million in 2007 to 7.4 at year-end 2014. We are talking about an overall decrease of 32.84 million euros since 2008, has made a decisive contribution both to improve the situation of companies that perform work for the council (which have been satisfied its debt), so that the Consistory own savings for sensitive when hiring the performance of work or services.
Thus, this work has allowed the image that the City had businesses improve outstandingly.
Another magnitudes which has benefited from successive efficiency and savings measures implemented by the Municipal Government is referring to the average payment period, which has now been reduced to 30 days, eliminating also outdated forms of payment as endorsements and confirming.
Thus, the progress of the local economy is stimulated by accelerating economic flow and working with liquid money only through bank transfers, and leave policies to 0. In this way we all win;
Hall, entrepreneurs and citizens.
One of the figures has managed to correct more sharply is the reference to the net savings.
In this regard we note that it has improved over 12.36 million euros since 2007, from a figure of -11.86 million to a positive EUR 500,000.
This figure also represents a positive development compared to last year, achieving an improvement of 230,000 euros.
It should specify that the net savings indicates the portion of current income that is available once attended current non-interest expenses and amortization of loans, while expressing the ability of the City to finance investments or access new financing operations.
These data, which are especially positive, have been achieved thanks to the joint efforts of all departments of the City Council, who were aware from the first day that we had to "right the ship" and banish old practices that were undermining the municipal economy .
They have been years of hard work that is already bearing fruit.
The improvement of these magnitudes translates into real savings for all Lorca, who today enjoy better services and an increasingly sound municipal coffers.
Main economic indicators period 2007/2014:
Situation end 2007:
Need for funding: - € 28.22 million.
Net savings: -11.86 M €.
Bank Debt: 65,01 M €
Creditors Debt 40,23M €,
Total debt: 105,24 M €.
Outcome Budget -17,48M €.
Remaining cash for overhead -11,26M €.
Economic situation end 2011:
Need financing: € -19.76 million.
Net savings: -11.21 M €.
Bank Debt: 58,32 M €
Creditors Debt: 34,77 M €,
Total debt: 93.1 M €.
Outcome Budget 5.82 M €.
Remnant treasury for general expenses -32.29 M €.
Economic situation end 2014:
Need for funding: € 20,930,000.
Net savings: 500.000 €.
Bank Debt: 55.82 M €
Creditors Debt: 7.4 M € *
Total debt: 63,22 M €.
Outcome Budget 1.37 M €.
Remnant treasury for general expenses -12.77 M €.
* These 7.4 million is the amount that is paid monthly.
Thus, with an average payment period of 30 days, we talked about a number that would be 0 in practical terms.
Improving the municipal economy in charts:
Net savings (positive evolution of 12.36 million):
- Debt to suppliers (€ 32.83 million cut):
Total municipal debt (cut of € 42.02 million):
Source: Ayuntamiento de Lorca
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