Portal de Murcia
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The Independent Authority Fiscal Responsibility has confirmed compliance expected of the objectives of budgetary stability, public debt and spending rule 2016 of the City of Murcia.
The report released by trade show seen a "high probability" that the municipal coffers meet the objective of stability this year.
It also notes that no risk of default of the spending rule is appreciated and estimated that the level of debt the City on current income is below 75%.
This last parameter means that the City may enter into new credit operations in the long term.
The Councillor for Finance and Contracting Eduardo Martinez-Oliva, described as "very important" that the independent body responsible for ensuring the sustainability of public finances confirm the "good financial health" of the City Council because it is a sign that recognizes management economic conducted with rigor, austerity and maximum cost control. "
The city of Murcia is "economically and financially sanitized" adds Martinez-Oliva, who believes that deserves to be highlighted the "excellent position" which holds among the 16 municipalities of provincial capitals with more than 250,000 inhabitants analyzed by trade show in its report on the adequacy of their 2016 budgets to ensure the three fiscal rules: stability, rule of spending and public debt of local corporations.
Source: Ayuntamiento de Murcia
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