Portal de Murcia

www.portaldemurcia.com

• Home
• Business
• Hotels
• Restaurants
• News
• Advertisement

The payment agreement has been signed by endorsement with six states and the figure rises to 41 million euros The head of the Treasury took stock of the financial position of Local Government

Thanks to the agreement that the city of Murcia will conclude with a total of six banks, small and medium enterprises that provide the City of Murcia will start charging immediately.

Through the council of the Treasury, directed by Isabel Martinez Conesa, the City of Murcia has managed to reach an agreement with La Caixa, Cajamar CajaMurcia Group BMN, B.

Bilbao Vizcaya Argentaria SA and to carry out a payment system by endorsement for SMEs and municipal service providers may charge their bills imminently.

The total amount of this agreement with six banks totaling 41 million euros.

Moreover, we should underline that the interest rate obtained by the City of Murcia is 4.43%, a figure far below, particularly in the middle of the conditions to be offered to providers so individual.

These favorable conditions for payment by endorsement are neither more nor less than the result of financial solvency that has the City of Murcia and is allowing banks to continue lending its support to local government of Murcia.

Balance

The head of the Treasury have taken advantage of the meeting with the media to take stock of the economic and financial situation of the Municipality of Murcia, following the goals set last year.

- The closing balance for the year 2011 was one of the objectives set and achieved.

- Reducing the period of payment to suppliers was another of the objectives and is already being met.

Without a doubt, the payment to suppliers has been one of the actions in which the city of Murcia has made a huge effort to reduce the pay period, getting to spend from six to three months.

In this sense, the head of the Treasury has stressed that bills already paid (less than 3,000 euros) for the month of June and have also made payments of bills for the month of April to large suppliers.

- The strategy of adjustment of payments, giving priority to small suppliers is working very well.

- Regarding the collection of Property Tax (IBI), 2012, Martinez Conesa has expressed his satisfaction because the actual recovery has reached 67 million euros.

The domicilación and fractionation has increased by 7%.

- As to the debt situation, the City of Murcia is at 58.9%, a rather positive, as the allowable limit is 75%.

- Future projects in the short term.

The head of the Treasury has announced that the City is working on new projects in the short term, among which is the start (in September) of the online registration of invoices, and updating the mapping of the municipality, by performing 1:10,000 scale aerial photographs.

Source: Ayuntamiento de Murcia