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The House has approved today the conclusion of a loan transaction amounting to 2.5 million for this purpose.

House believes that the injection of 30,000 million euros in 3 months in the Spanish economy is "the most important initiative of the last 20 years."

Some 4,000 providers in the municipality of Murcia have already entered or are about to do about 41.5 million euros, thanks to provider payment plan approved by the Government., And that the City of Murcia has hosted two phases: the first, which was agreed in May, marked the conclusion of loans amounting to 39 million euros, the second occurred today when the House has approved the signing of another 2.5 million.

Both operations "have made a very significant injection into the local economy," he assured the Mayor, Miguel Ángel Cámara, who also stressed that the beneficiaries are mostly small and medium enterprises and freelancers.

The conclusion of a loan transaction amounting to 2.5 million today received approval from the Corporation is the second phase of the plan of payment to suppliers, and corresponds to the unpaid bills to suppliers at 31 December 2011 and endorsements by the City Council agreed with the banks.

Statewide, the payment of 30,000 million euros in 3 months in the national economy "has become the most important initiative taken by the Government of Spain in the last 20 years," has called House.

The approval of these appropriations by the House has been possible because the Ministry of Finance and Public Administration gave its approval to the adjustment plan submitted by Murcia, with which Local Government is ready to reset its commercial debt.

The financial projection designed by the Department of Finance and the measures taken in recent months were well received by the Ministry, which received its approval guarantees the good condition of the municipal coffers.

The provider payment plan allows a strong injection of liquidity into the productive economy, which will stimulate dynamic economic activity, especially SMEs and the self and solve the debt problem of local entities that prevent normal functioning .

Source: Ayuntamiento de Murcia