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The lack of liquidity in the municipal coffers, motivated by the disastrous management of public funds made by the PP, has led the government team to borrow 45 million euros at year end, in order to meet obligations Cash and current expenditure, as the Socialist spokesman in the city of Murcia, Alfonso Navarro.

In this regard, remember that in order to carry out this operation of indebtedness, the City of Murcia requires authorization from the Ministry of Finance, as the municipality of Murcia is among those who break the goal of fiscal stability, due to deficit 2009, estimated at 54 million euros.

It stresses that "the economic mismanagement and wastefulness of the PP in recent years placed the City of Murcia in a critical situation, which requires order, at the end of the year, a loan of 45 million euros to provide liquidity to checking the damaged City Hall. "

"At this point, it is recalled that the City ended 2009 with 258 million accumulated debt and that during this year, the gap between revenue and expenditure resulted in a deficit of 54 million euros."

Navarro "the painful economic management of municipal PP places the City on the verge of technical bankruptcy."

To all this must be added asphyxia suffered by local suppliers, without date of collection, he says, because in October 2010, payments to third parties reached only 40% of the costs actually incurred.

Source: PSOE Murcia