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The current financial situation of the City of Yecla lets assume the debt to the banks (31/07/2012)

Councillor of Finance, Alejandro Palao has confirmed that "at the end of 2011 the debt of the City of Yecla exceeded 18 million euros, remaining virtually frozen since last year and below the debt limit established by the Ministry of Finance ".

Yecla City Council can deal with this debt, because debt is a burden fully acceptable by the City, while maintaining payments to vendors about 60 days.

"The yeclanos need to know that the debt level is not alarming, because municipal debt is not hidden in any drawer and our suppliers are charging without schedule delays required by law," Councilman Alexander argues Palao.

For the year 2012, the Department of Finance has determined that no request for new loans for investments, so that the works and projects planned for this year will be financed with municipal funds.

Councilman Alejandro Palao says that "this measure possible to reduce the debt to banks in 1,700,000 euros."

The data indicate that the economic and financial situation of the City of Yecla is sound, despite the uncertainty surrounding the government.

According to the councilor for Economy and Finance, "has done a good job in our City's budget policy and the opposition groups should recognize and provide useful suggestions and sustainable, rather than undermine confidence in the municipal economy yeclanos ".

Notably, the largest increase in municipal debt occurred between 2008 and 2010 due to investments made in Yecla; investments that reached a record level encryption over eight million euros, with the execution of works as Round North, rehabilitation of Primitive Casino, the pedestrianization of the streets and Child Hospital, creating areas of Las Pozas and sports hall Maria Jose Martinez, the remodeling of the road or action Villena Yecla Rate Project.

Source: Ayuntamiento de Yecla

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