The Diputación de Cáceres amortizes its debt of 12.8 million euros to increase the budget on investments
- CÁCERES, 26 (EUROPA PRESS)
The Government team of the Provincial Council of Cáceres has decided to repay the debt of 12.8 million euros it has contracted with five banks for the request for loans for about 14 years, which will increase the chapter on investments in the General Budgets for 2017, which are being prepared, and which will reach up to 114 million euros, 3.8 percent more than this year.
President Rosario Cordero announced on Wednesday this decision that is based on the use of "idle" treasury remnants, that is, treasury remnants that current legislation does not allow for investment in roads, promotion of employment or maintenance of services, but for financial expenses, such as debt amortization and financial assets.
At present, the provincial debt of long-term loans with banking entities stands at 12.8 million euros. This means that in financial year 2016, financial liabilities were budgeted for partial amortization of 6 million euros and for interest payments, 300,000 euros. As a result of the settlement of the debt, for 2017 there will be no budget for these items so the Budget for 2017 will go from 109 million euros in 2016 to 114 million euros in the next year.
"So the objective is to eliminate the debt and use the funds allocated in the budget for amortization and interest payments for real investments in the villages, so we can say that we changed the payment of amortizations for investments in one year," he stressed. Chairwoman.
In this way, the Provincial Council of Cáceres is going to become one of the few in the national territory that has a zero-value financial burden joining the Provincial Councils of Soria, Ciudad Real, La Coruña and Lugo, said Cordero, who recalled other measures that have been carried out to clean up the accounts.
For example, he recalled the incorporation of unexecuted budgetary appropriations from the Budget for 2015 to the year 2016, "which allowed us to raise the ceiling of expenditure, which was not in line with the budgetary possibilities of this Provincial Council, and produced by the low execution in the previous exercises. "
He also mentioned the financial assistance to the local entities of the province, which was specified in the financial fund to support the municipalities by a budget modification of 10 million euros and the increase in collection advances of the Autonomous Agency for Tax Collection and Management (OARGT) moving from 12 installments in advance to 14, "consequently, five million euros more to improve the liquidity of local treasuries".
"The total reduction of the financial debt is a measure that will allow greater flexibility and margin in the management of our policies and projects, all of which will benefit the interests of the province." This greater flexibility is manifested in that when the Budgets are settled, we will not have to allocate a portion of the surplus to reduce debt, but instead they will be able to dedicate themselves to provincial investments, "the president said.
INVESTMENTS IN THE PEOPLES
With this maneuver, the Diputación de Cáceres achieves a growth in the budget, whose money will serve to finance investments and current transfers and capital to municipalities, since they are raised by 4.1 million euros.
In the section of Human Resources will improve the conditions of the workers, since they will face the commitments acquired by the previous provincial corporation with the firemen of the Sepei, months before the local elections, with a contribution for productivity of almost 800,000 euros.
It will also serve to fulfill a long-awaited collective demand for all workers by equipping them with professionals from other councils and the Junta de Extremadura, that is, the professional career to which almost 900,000 euros will be allocated.
In short, "will allocate the budget surplus entirely to sustainable investments since it should not be devoted to the payment of the debt," said the president who added that, with this measure, the Provincial Council will enjoy a large margin of indebtedness, if it were necessary in the future, thereby guaranteeing this resource at the maximum level allowed by the regulations.
This measure of total amortization of the debt will be approved in the ordinary plenary of the month of October that is celebrated this Friday, day 28. Then all the documentation will be prepared so that as of January 1, 2017 the provincial accounts start with debt. zero'.
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