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PSOE Councilman Alfonso Navarro says the central government measure will help correct the irresponsibility of the PP in La Glorieta which has placed the Consistory Murcia at number 8 among the 100 most indebted municipalities of Spain

The Socialist councilor Alfonso Navarro warned that the city of Murcia is located in a very difficult situation as far as debt is concerned and that he no longer supports it, while ignoring dangerous abyss, both indebtedness. "

So much so, "notes, which must be paid to amortize a whopping 37 million euros per year, € 101,000 per day, € 4,208 for the hour or 70 € per minute.

Among the most indebted of Spain

This situation, involving a debt per capita of 600 euros, placing us at number 8 among the 100 most indebted municipalities of Spain, behind cities such as Madrid, Barcelona, Valencia, Zaragoza, Sevilla, Malaga and Cordoba.

Given this failure in the management of resources by the local PP, Navarro welcomes the action taken by the central government to limit credit to municipalities from 2011 as the only way to correct the gross irresponsibility in which they have incurred throughout their years in office.

Up debt while lowering investment

In late 2009, the Consistory had a debt of 258.5 million euros, 20 percent higher than in 2008 reaching 216 million euros.

As this occurs, Navarro-complaint real investments have been declining up to a ridiculous figure in the last two years has meant only a 10.34% of the total municipal budget.

"In the case of Murcia, investments have not relied on borrowing, but it is dedicated to solve cash flow problems and operating costs."

Clean up accounts

For the mayor of the PSOE, investment and public works should nurture the restriction of wasteful expenditure, to eliminate feasts and fireworks, to manage efficiently, not wasting powder pulling king, to maintain only grants high social returns.

"Keep borrowing at a rate of annual increase of 20% is crazy," says Navarro, who adds that "now is the time of rigor and seriousness in the economic and storing the demagogy and lies in the trunk of the useless "

Source: PSOE Murcia