Portal de Murcia
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The Governing Board has approved the consolidated liquidation of the City of Murcia corresponding to 2018, which fulfills all the commitments established in the current financial economic plan, budget stability, expenditure rule, debt and average payment period.
From the report of the Municipal Intervention, and after gathering information from the General Treasury, as responsible for accounting, and from the Economic and Budgetary Directorate, it is appreciated that the difference between recognized rights of the income and expenditure chapters, after the application of the adjustments, derives in consolidated terms a financing capacity amounting to 19,816,118 euros.
Regarding the objective of the expenditure rule, the limit contemplated in the current Economic Financial Plan has been met.
As regards the debt limit, the City Council is below the percentage established by the Local Treasury Law.
On the other hand, the average payment period to December 31, 2018, according to the Ministry of Finance data, was of 14.38 days, for which the delinquency policy was complied with and the City Council was placed as one of the those who pay their suppliers the fastest.
In the opinion of the Councilor for Finance, Contracting and Urban Mobility, Eduardo Martínez-Oliva, 'the rigor with which the Government Team has taken economic management these years is evident in this settlement, which results in surplus despite the policy of tax reduction and improvement of public services, at the same time that debt has been reduced and the average period of payment to suppliers.
And all this, complying with the rule of expenditure and budget stability.
The settlement offers a surplus of 19.8 million euros, which is the result obtained from the difference between income and non-financial expenses, and indicates that the City Council has financing capacity, that is, that it is in a situation of budgetary stability.
Source: Ayuntamiento de Murcia
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