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And it is bound by the Budgetary Stability Law to present a plan for financial balance to a maximum of three years

The socialist mayor Alfonso Navarro said that "now I understand why the city has hidden PP since last March, the information on the settlement of the 2009 budget."

And is that the Consistory of Murcia, "says Navarro-ended last year with a deficit of EUR 53,492.942, as stated in the reports of the General Comptroller of the City Council on 4 June and 26 July.

These 53 million are the result of the difference between revenues and expenditures of the City Council in 2009.

That amount, says the mayor of the PSOE, has no background and places the local administration official in a financial deficit situation, losing its funding capacity and budgetary stability.

Furthermore, according to Navarro, this inability to finance required by law to "local authorities have not complied with Article 20 of the Budgetary Stability Law will be obliged to approval by the plenary of the Corporation of a plan to restore balance in financial ... a maximum period of three years. "

"We're not talking about a voluntary austerity plan to adjust to the current crisis, but a plan that is bound by the General Appropriations Act and the Local Finance Law to send correct economic situation such as that the Town Hall Murcia by developing a business plan for fiscal consolidation. "

"Needless to say that the plan mortgaged municipal budgets for the next three years essentially decreasing investments," says Navarro, who reports that in 2010 and will produce an adjustment of 14 million euros.

Source: PSOE Murcia