Portal de Cartagena
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Socialist Councilman Angel Rafael Martinez says that the sum of the costs incurred and outstanding in the current transfers, current expenditure and investments amounted to EUR 24.163 million as at December 14, representing 22% of those items.
"The financial plight of our City is a high leverage with suppliers and with social organizations to which eligible.
Since the proposed budget had a hole just over 16 million euros, it was expected that his execution was poor, as expected revenues did not cover all the expenses, "he says.
However, this problem is that the outstanding amount of the expenses and other approved transfers is particularly high, "which could not be more than the consequence of the liquidity problems experienced by the City Council.
Moreover, under socialist mayor these liquidity problems are not solved in the remainder of the year because the municipal government has to cancel the credit facility requested by an amount of 11 million euros.
"Ultimately, these problems are not simply the consequence of a failure foretold, as the crazy spending policy undertaken by the PP during the boom years has limited both its room for maneuver in times of crisis we now have to be providers and social organizations who pay the bill for their mismanagement, "he says.
Source: PSOE Cartagena
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