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Murcia is among the least indebted Spanish municipalities (26/07/2012)

The Municipal Corporation of the City of Murcia has given the green light this morning to the budget settlement for 2011.

A settlement that reflects the debt reduction, improved tax collection efficiency and the reduction of payment terms to pay suppliers, despite the economic crisis in which we operate.

Debt as of 31 December 2011 stood at 192.06 million euros, a figure that is below the debt that was in 1999, which was 197.61 million euros.

This figure allows the City of Murcia have a borrowing capacity of 78.5 million euros.

Also, the ratio of annual debt income is 53.2%, representing the lowest level since the entry to the municipal government of the Partido Popular.

It should be noted that the budget tarmbién income was run almost entirely, as it has reached 98.71% of the final forecast.

This is a very high percentage has been achieved by improving the efficiency.

Also, improving the efficiency of collection is shown that the rights recognized receivable have decreased, which means that late payment has fallen from 19.94% to 18.31%.

Thus, tax revenues have been as high as 81.69%, which shows that citizens, despite the crisis, are fulfilling their obligations to local government, through the commissioning of the clam payment the letter, a number of payment facilities that citizens can make their tax domicile, split the payment and pay their taxes without interest and without collateral.

Some of these measures were launched in the last quarter of 2011.

Regarding Urban Property Tax (IBI), has remained the same percentage of revenue, but this has risen because in 2011 there was a large number of new units.

The Vehicle tax collection has increased, both in the recovery and the number of units, which have increased in the year 2011.

Source: Ayuntamiento de Murcia

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