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The municipal debt is reduced in four years from 14 million to 300,000 euros (21/07/2019)

On July 19, the Plenary approved debt amortization for an amount of 831,350.27 euros, which together with the annual and ordinary depreciation will mean that at the end of 2019 the total debt of the City will be set at around 300,000 euros.

It is necessary to remember that at the end of 2014 the financial debt reached 8 million euros, which together with other exigible obligations that occurred in the first half of 2015, as the V6 Judgment, placed the debt at that time in 14 million of euros.

According to sources of the municipal government, this positive data, together with other circumstances, will serve to continue increasing investments in the City, especially for next year.

Likewise, as already advanced at the beginning of 2019, the amounts paid by the City Council of interest are already practically insignificant since of those 300,000 euros there is an important part that has an interest "0".

The point that was discussed last Extraordinary Plenary came out ahead with the favorable votes of PSOE, IU, PP and CS.

Source: PSOE Cieza

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