Portal de Murcia
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The decision of the Bank of Spain has already been appealed, which considers the indebtedness of the tram as if it were from the City Hall.
In no case will it mean a reduction of public services, or the reduction of their investments, nor delays in payment to suppliers.
The City of Murcia has appealed to the General Intervention of the State Administration (IGAE), the Independent Authority of Fiscal Responsibility (AIReF) and the Bank of Spain, which consider the indebtedness of the concessionaire of the tram as municipal indebtedness, for the purposes of National accounts, so that, in fact, it is a "virtual debt" that does not correspond to the City.
The reason for the disagreement is based on the fact that, according to the contracts signed for the commissioning of the tramway, the risk of this investment corresponds entirely to the contractor, both in terms of construction risk, availability and Of demand.
In addition, the applied accounting treatment is different from the one that existed for this type of investments when eight years ago the signing of the tram contract took place.
For this reason, and if the state agencies do not rectify their criteria, the City Council will file a contentious-administrative appeal.
As a result of all this, the economic and financial situation of the City of Murcia, which without this imputation would be a debt of 43%, increases to over 75% applying this form of debt computation.
In no case this will mean the reduction of public services that the City of Murcia provides to citizens, nor the reduction of their investments, nor delays in payment to suppliers, which will continue to be one of the shorter deadlines Spain.
As stated in the Municipal Intervention report, the implementation of a Financial Economic Plan (PEF), would be more an administrative process than the adoption of real measures to reduce expenses or increase income, since alone would be solved In the present exercise 2017 '.
Murcia was until now the only large city that did not have this plan, which the municipalities of Madrid, Barcelona, ​​Valencia, Seville, Zaragoza, Malaga, Palma de Mallorca, Las Palmas, Bilbao and Alicante did.
The PEF of Murcia will not have restrictive measures because, as the Ministry of Finance and Public Administration itself recognizes, the economic projections of the City Council 'infer a return to the path of stability and growth'.
It is striking that the IGAE itself states in the report that, despite everything, the City of Murcia will meet at the end of the year 2017 with the fiscal rules of Stability Objective and Rule of Expenditure and that only, and by the imputation of the investment Of the Tramway, will no longer comply with the debt limit.
It is also surprising that in December 2016 the AIReF report "considers it likely" that the City will meet the stability objective for 2016 and 2017 and the spending rule in 2016 and that in 2017 "its level of living debt on current income will be Will be below 75% of consolidated current income. "
Source: Ayuntamiento de Murcia
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