Portal de Murcia
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The debt has been reduced by over 14% since 2011. For capita has increased from 434.46 to 373.95 euros
The Governing Board of the City of Murcia has this morning approved the conclusion of an operation of long-term loan amounting to 22,500,000 euros, which will be allocated entirely to finance most of the investments planned in the budget of 2015 .
The Councillor of Finance, Isabel Martinez Conesa, expressed his satisfaction at having succeeded in obtaining a loan to excellent conditions.
It has been awarded to a single entity that has offered a rate of 0.90%.
The City of Murcia has received nine bids for more than seven times the amount requested, demonstrating that, according to Minister of Economy and Finance, "Financial market recognizes the solvency of the City of Murcia addition to show that we are good payers ".
With this loan, the city of Murcia this year may make investments such as:
- Excavation of the tracks
- Municipal Housing Rehabilitation
- Rehabilitation Municipal Cemetery Espinardo
- Construction of New Roads Cyclable
- Acquisition of vehicles for the local police,
- Repairs in schools,
- Paving of driveways, sidewalks, new lighting, etc.
in neighborhoods and districts,
- Rehabilitation and improvements in the squares of supplies,
- Replacement of equipment in sports,
- Software for eGovernment, etc ...
With this loan, taking into account the depreciation provided for under budget surplus of 8.8 million euros, the projection to December 2015 the City of Murcia is 164 million euros.
Since 2011, the services of the Department have made significant efforts to reduce the financial burden of City Hall.
Thus, in 2012 the Corporation decided to go to the first Finance Facility Provider Payment, to pay outstanding invoices, accounting arrange loans amounting to 41.6 million euros, at an average rate of 5, 48%.
From this year, thanks to the gradual improvement of the economic and financial position have been reduced rates for loans, which in turn have been replaced are hired, taking advantage of lower interest rates in the financial market, and options posed by the Ministry of Finance and Public Administration, in relation to the Loans Payment Plan.
The result is a decrease in long-term outstanding debt of over 14% from 2011 to the projection at the end of 2015, passing from 192 to 164 million euros.
Per capita debt has increased from 434.46 to 373.95 euros.
Similarly it has been declining ratio of debt to income, which rose from 53.20% in 2011 to 48.4% expected at the end of 2015.
In addition Councillor of Finance has reported that it has begun to process a file modification loan to pay bills that are pending 2014, as a result of management changes made to the Department of the Remnant applying Treasury Spending General Budget 2014, which amounted to 21.6 million euros.
Source: Ayuntamiento de Murcia
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