Portal de Murcia
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The City will get a reduction of 7% Current Expense Debt was reduced by about 18 million over fiscal 2012 Local Government ended the year with a surplus of 17.56 million euros The 2.16 million of the remaining cash euros will be allocated to debt reduction
The Governing Board of the City of Murcia has this morning approved the Settlement of the budget of the year 2013 with a decline in current expenditure of 7% and an increase in investment of 26% compared to 2012.
Once again, the major effort of the government team has paid off, as Treasurer for the Remaining Operating Expenses, which measures the liquidity of the company amounted to 1.89 million euros, reflecting the sound financial health City of Murcia.
The Councillor of Finance, Isabel Martinez Conesa, presented to the Governing Board of the City of Murcia the settlement of the 2013 budget, with a surplus of 17.56 million euros, to be allocated to the commitment to generate growth and employment in the municipality of Murcia, and to maintain financial stability.
The City of Murcia good does your accounts.
This good management carried out by the City Government is not allowing to overcome the limits of indebtedness, have a positive cash balance of (2.16 billion euros).
The municipal government, thanks to the measures taken in 2013 (budgetary stability, cost containment, payment to suppliers, maintenance of services offered to citizens and debt reduction), has achieved savings 29 million euros.
Total current expenditure in 2013 reached a level of implementation of the 91.46%.
The rationalization of expenditure is reflected in a decrease of 7% from 163.58 million euros in 2012 to 152,47 in 2013, and maintaining the same services offered to citizens.
The reduction is also reflected in interest expense, a reduction of 22%.
Paragraph investment has experienced an adverse effect upon the costs, as increased by 26%.
Regarding income, has reached 102.5% in the execution of those managed by the City, a high percentage, the result of an adjusted estimate and management measures and tax justice undertaken by the Municipal Tax Agency, which They have strengthened the tax rolls of new units such as the IBI 4,240.
Particularly noteworthy is the result of the municipal tax gain.
For this concept have been settled 35% more income over 2012, representing a 153.5% implementation with regard to what was budgeted.
The total revenue has reached nearly 89% of the budget.
Effective Collection levels are similar to those of 2012, as a result of the payment facilities offered by the city of Murcia.
In 2011 more than 3,000 cases of fractionation and delay, compared to the 15,731 recorded in 2014, almost 700% were performed.
The implementation of new eGovernment services and new application of Accounts, were also reflected in a reduction of outstanding debts receivable existing at the beginning of fiscal years 2013, more than 56 million euros, as important consequence of the purification of balancing conducted before implementing the new accounting application and collection measures.
A December 31, 2013, the city of Murcia ended the year with a long-term debt of 191.93 million euros, 17.7 less than the end of 2012, and almost 14 million below provided for in the draft budget as a result of the decision to allocate part of the funds from 2013 to repay long-term loans.
Source: Ayuntamiento de Murcia
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