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The City Council closes 2018 with a remainder of 207,000 euros and some healthy accounts (28/02/2019)

84.77% of the 30,919 invoices processed last year were submitted electronically, while the average period of payment to suppliers was 14 days in December, compared to the average of 75 days registered by local corporations.

Martínez-Oliva: 'Management in the economic-financial field has been carried out maintaining the quality of municipal public services and reducing for the sixth year the tax burden of taxpayers with the reduction of all taxes, rates and public prices during the current Corporation.

The City of Murcia closed 2018 with a treasury surplus of 207,429 euros, which strengthens its healthy economic condition and will be used entirely to reduce the financial debt.

The data, which was released yesterday at the Board of Spokespersons by the Councilor for Finance, Contracting and Urban Mobility, Eduardo Martínez-Oliva, follows from the report issued by the accounting service referring to the budget settlement of the City Council.

This document is the previous step to the elaboration of the consolidated balance sheet, which will be known once the Ramón Gaya and Urbamusa Patrons have approved their accounts.

The treasury surplus for general expenses is an indicator of the liquidity of the entity, which will be complemented with the report prepared by the intervention service regarding the indicators of the financial health of the City Council: stability compliance, spending rule and limit of debt.

According to the data exposed by Martínez-Oliva, the number of invoices processed last year at the City Council was 30,919, 84.77% of which were presented in electronic format, compared to 61.15% that they represented last year.

On the other hand, the average period of payment to suppliers was in December 2018 in 14 days, while in the same month of 2017 it took 18 days to pay and in 2016 it was 21 days.

The average of the local corporations is around 75 days.

25% less debt since 2014

With these data, the City closed 2017 and 2018 with a positive treasury surplus and a 25% reduction in municipal indebtedness since 2014.

Both long-term and short-term debt decreased in the last four years from € 229.7 million to € 182.5 million.

The consolidated financial debt is currently at 48.6% (without charging the tram), while in 2014 it was 63.4%, far from the limit of 110% established by law.

The imputation of the tram's debt in 2016 - the litigation presented by the City Council is pending resolution - caused an increase to 101%, and only two years later it has decreased to 92.5%.

"This efficient management in the economic-financial field has been carried out without detriment to municipal public services," recalls Martinez-Oliva, who insists that "for the sixth consecutive year the City Council has reduced the tax burden of taxpayers with the reduction of all taxes, fees and public prices during the current Corporation '.

Source: Ayuntamiento de Murcia

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