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The City closed 2016 lowering the municipal debt in 19 million euros, the largest historical cut (13/01/2017)

The Consistory began the year with a debt of 64 million that was reduced to 45. The Municipal Administration has managed to cut the figure from 105 million in 2007 to the current 45 which is a savings of 60 million.

In 2007 each lorquino would have to face 1,166.66 € because of the debt, which is currently reduced to 500.

The Councilor for Economy and Finance in the City of Lorca, Fulgencio Gil, has reported that the municipal debt was reduced during 2016 by 19 million euros, which is the largest cut to date, which puts this magnitude at 45 million Of euros, well below the 105 million euros that the current Municipal Administration found when Lorca gave the local government responsibility in 2007.

The municipal debt, coming in concrete numbers, has gone from 105 to 45 million euros in 10 years, which is a real milestone of which we all share the citizens.

We are talking about a 60 million euro drop.

This fact, which is already a success, is accentuated taking into account that it has been achieved facing a "perfect storm", which has added elements as harmful as the worst socioeconomic and labor crisis of recent history and devastating effects Of the earthquakes of 2011 and the worst floods that are remembered in 2012, factors to which are added the economic blows that the Consistory is fitting due to the judicial sentences derived from the "trappa" urban agreements.

Fulgencio Gil has pointed out that this good management has managed to save each Lorca 666.66 euros in debt, from 1,166.66 euros in 2007 to 500. To give us a more approximate idea, in 2007 the City had obligations to pay Debt that every day was € 287,671.23, a figure that today has been cut to € 123,287.67.

The Edil de Economía has emphasized that the reduction of the municipal debt certifies that we continue to move towards the goal of leaving this figure at the lowest possible level, a task that requires the intense and conscientious involvement of all municipal management areas.

This achievement, which means saving Lorca a total of 666.66 € per day, is the result, therefore, of a job well done, forgetting superfluous expenses and ostentations own a way of managing that left the City in a situation of bankruptcy.

Fulgencio Gil has anticipated that in 2017 progress will continue in the reduction of the municipal debt, foreseeing a new cut in this sense of 8 million euros.

Thus, the figure we want to achieve at the end of the year we have just begun will be approximately 39 million euros.

This will result in a fall of 68 million since 2007, when an economic audit was carried out that yielded figures of unfortunate memory for all.

The Edil de Economía has explained that the financial expenses will also be reduced during this year, by 1.2 million, which is 53%.

This new economic achievement, which entails a significant improvement in this aspect for the Municipal Consistory, is possible thanks to the completion of bank loans and the free disposal of policies, which are covered.

Source: Ayuntamiento de Lorca

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