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The Ministry of Finance and Public Administration has reported favorably on the Adjustment Plan submitted by the City of San Javier to access credit that will pay 17.13 million euros that the municipality owed ​​to suppliers.

The City of San Javier has received a favorable assessment by the Ministry of Finance, Local Adjustment Plan, adopted in plenary on March 28 to access credit operations with the long term to be funded outstanding payments to more than one thousand suppliers.

The mayor of the municipality, Visitation Martinez, explained that approval of the Adjustment Plan will allow the coordination of operations of long-term loan through the Official Credit Institute (ICO), necessary for the payment of 5307 invoices.

Martinez noted that about 1,000 suppliers, which is owed 17.13 million euros, have already agreed to charge through this funding mechanism, regulated by Royal Decree 4/2012.

The mayor pointed out that, through this financing tool provided by the Central Government, the majority of the creditors of the City will be relieved of the difficult situation in which they are "due largely to the disastrous management of the former government team socialist left municipal coffers in a critical situation. "

The mayor has indicated that the favorable assessment of the Ministry of Finance confirms that the Adjustment Plan submitted by the City is a "document technically accurate and contrasted, enabling the Consistory achieve and maintain balance in the public accounts and take payment suppliers, one of our priorities. "

It has also highlighted that this Plan reflects Ajunte economic policy initiated by the government team from the start of term, "based on austerity, transparency and efficiency in management, pillars were also the basis budgets for this exercise. "

The mayor has stressed that this plan of adjustment involves a great effort to the municipal treasury, as it includes the commitment to spending restraint and develop conservation measures to enable the Consistory assume the obligations of the credit, along to ensure proper operation of municipal services.

Lastly, he praised the measure launched by the Government of Spain as "open a sum funding opportunity for local authorities and will alleviate the plight of the hundreds of small and medium enterprises."

Source: Ayuntamiento de San Pedro del Pinatar