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PSOE: "The City closed 2008 with a deficit of more than 17 million euros" (25/09/2009)

PSOE Councilman Alfonso Navarro complaint, according to the data, a very poor economic management of revenues from the municipal PP and a joy bordering on irresponsible wastage in relation to expenditure incurred

City's financial health shows a negative balance in medical language, chronic disease.

This was denounced today the PSOE mayor Alfonso Navarro, who after reviewing the reports arising from the General Account (budget liquidation 2008) and Report of the Treasury, the City of Murcia ended last year with a negative cash balance of of € 17,082,363.

The remaining cash, Navarro says, is the most important indicator of the liquidity of a municipality, which shows your financial health at the end of each year.

"If it is negative, as is the case, the patient is serious."

Loans taken

And the scope of this gravity, "warns the socialist councilman has forced the PP to get a number of financial claims in 2009 totaling 47 million euros to cover expenses, given the existing cash-flow problems.

Navarro details that have been made to the current account credit within one year with the bank Santander (€ 15,000,000), Cajamurcia (10,000,000 €), Bankinter (7,000,000 €); Cajamadrid (5,000,000 €) and La Caixa (€ 10,0000).

Avoid unnecessary expenses

According to the data, Navarro urged the PP to be rigorous in the execution of spending and avoid those that are expendable and not add any value to the welfare of Murcia, including expenses related to protocol, representation, travel, and diverse actions of self-aggrandizement.

Likewise, the PSOE mayor calls for emphasis is given to productive investment and all those that involve an economic value added, such as the development of industrial estates, investment policies in the environmental field, investors commitments exporter tissue municipality, etc.).

Source: Grupo Municipal Socialista

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