Portal de Murcia
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Last year ended with an increase in investments of over 46%, while the low debt over 14.5 million euros compared to 2014. The recovery in economic activity is reflected in the increase of 19% of income from capital gains and construction.
The average payment period to suppliers in December stood at 11 days.
The City Council closed 2015 with a budget of almost 42 million result euros and a cash remaining for general expenses of 13.8 million euros.
This emerges from the liquidation of the Consolidated Budget presented by Councilman Finance and Employment, Eduardo Martinez-Oliva, which has been approved by the Governing Board at its meeting this morning.
This savings of 13.8 million euros obtained by the City Council in 2015 will be used to reduce financial debt.
Closing the budget also indicates a rise in current expenditure of 5%, reaching an implementation level of 91%.
Is particularly noteworthy increase in current transfers, 2%, driven mainly because it has allocated more resources to the most disadvantaged groups in the municipality, namely 7.5 million euros for this population, 11% more than in 2014.
The channeled through Chapters 6 and 7 of the budget investments increased by 46% to the total of 34.19 million euros.
Of this amount they were allocated directly to neighborhoods and districts almost 19 million euros, 55% of total investment spending.
Moreover, the good financial health of the City in savings on interest payments as a result of reduced debt levels and lowering interest rates, so that in 2015 decreased -expenses financial-Chapter 3 63%.
As for income, current increase by 2.7%, and 19% those from goodwill and construction.
On December 31, 2015, the City of Murcia ended the year with a long-term financial debt of 163.61 million euros, 15 less than in the previous year as the planned depreciation have joined the nearly 9 million result of the implementation of the 2014 surplus.
budgetary stability
The commitment of the City of Murcia for good governance, the electronic processing of revenue and expenditure and transparency have directly affected the achievement of the objective of budgetary stability, the rule of spending, debt limits -located at 48, 6% of current revenue at the close of 2015, well below the maximum established by law, 75% without authorization from the Ministry, and 110% with it, and reducing the average payment period to suppliers.
In 2015, the global PMP City Council in December 2015 is 11 days.
Finally, the Councillor for Finance and Procurement informed the Governing Board that in his opinion, is excessive measure that keeps the government to force the local authorities allocate 100% of the savings made by its management to repay debt when at least a portion thereof may be directed to the implementation of sustainable investments.
Source: Ayuntamiento de Murcia
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