Portal de Murcia
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The Plenum of the Municipal Corporation has also approved this morning an amendment to cover appropriations for the operation of substitution of loans for the years 2012 and 2013 and for the financing of investments and payments to suppliers.
With this loan modification EUR 15.5 million to finance investments reduction is obtained in exchange for the city of Murcia save 1.5 million euros.
Regarding the ICO loan to pay suppliers, which reached 36.5 million euros, loan modification approved this morning a savings of more than 6 million will be reached, as it is expected to get a reduced rate almost 4.5%.
Thus, the city of Murcia has managed to get almost double reduction in rates, which obtained by the Ministry of Economy and Finance.
Moreover, the Municipal Council has also given its approval to the general account of 2013 regard, the Mayor of Murcia, Miguel Ángel Cámara, said that the city of Murcia is giving example of public accounts can be sorted .
Chamber has also pointed out that the city of Murcia is a balanced budget and is also decreasing municipal borrowing, which is below 60% of revenues liquidated.
Source: Ayuntamiento de Murcia
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