Portal de Murcia
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The Plenary approved the loan agreement amounting to 39 million euros |
Suppliers of works, supplies or services of the City bills charged on the 30.
The Ministry of Finance and Public Administration has approved the adjustment plan submitted by Murcia, with which Local Government is ready to reset its commercial debt.
The financial projection designed by the Department of Finance and the measures taken in recent months have been well received by the Ministry, which received its approval guarantees the good condition of the municipal coffers.
The plenary session this morning has agreed concerted lending long-term -10 years amounting to 39 million euros through the Official Credit Institute.
This amount represents the unpaid bills to suppliers at December 31, 2011 and endorsements by the City Council agreed with the banks.
The step taken today is a result of the unanimous approval of the adjustment plan last March and is now trying to formalize the credit transaction.
In all cases, the providers of this Administration have expressed their readiness to benefit from this payment plan approved by the National Government.
This is a mechanism that-reminds-camera, meets the demands of the municipalities in need of cleaning up its accounts, remove liquidity problems and foster entrepreneurship and job creation in paying off debts to many companies.
The plan involves the incorporation of some 300 million euros to the economic circuit and 17,000 millions across the country.
In addition, the measure will allow a major injection of liquidity into the productive economy, which will stimulate dynamic economic activity, especially SMEs and the self and solve the debt problem of local entities that prevent normal functioning.
Source: Ayuntamiento de Murcia
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