Portal de Murcia
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IU-Green has reported today that the loan of 39 million euros that will request the City of Murcia to pay the debt owed to suppliers of goods and services generate about 16.3 million interest.
The left-wing organization notes that the amount of credit represents 10 percent of the total budget, to which we must add 25.2 million euros of financial liabilities recognized in the 2012 municipal budget.
For IU-Greens spokesman at City Hall, Esther Herguedas, the reason that has led to the session to ask for a loan is the "mismanagement" of the government team, especially in the boom years.
Herguedas has criticized the plan of adjustment driven by the central government to settle the debt of municipalities to suppliers because it regulates the decree does not specify the interest rate for the borrower.
And is that the Decree only establishes a generic form of calculation, noting that "the equivalent to the cost of financing the Treasury to the prescribed period plus a maximum of 115 basis points that will add a net interest income of up to 30 basis points. "
"This plan will allow many municipalities take care of debts to suppliers in the short term, but is a medium-term economic asphyxiation that lead many to ask the Government successive bailouts of Spain."
Source: IURM
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