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The City of Cartagena have half a million euros of liquidity in its financial statements by the decision of the Ministry of Finance to extend the repayment period of wrongful termination that occurred on account of their participation in state revenues over the 2008 and 2009, as he assured Councillor of Finance, Fatima Suanzes.

The City had to be returned in 2021 to 17.4 million were paid more in those two years, and that the City has already reinstated month, 4.4 million.

Following the decision of the ministry to give municipalities more neck and extend the deadline to 2031, the return of the remaining 13 million annually increase its liquidity by half a million euros, according Suanzes to be used in commercial debt relief and decrease payment period to suppliers, which currently is between 34 and 38 days.

Source: Ayuntamiento de Cartagena