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The Ministry of Finance of the City comes to the rescue by giving an extrabudgetary advance of 6.3 million euros (19/11/2015)

The Ministry of Finance and Public Administration has come to the rescue of the City of Totana advance granting an extrabudgetary funding amounting to 6.3 million euros to meet payments to suppliers, Treasury, Social Security and service contractors, according to the councilman Finance and Trade, Ana Canovas.

Next to Totana, Murcia three other municipalities that had a difficult economic and financial situation have been beneficiaries of this extraordinary measure of the Ministry: the municipalities of Moratalla, Campos del Rio and Ceuta.

The Full Council of Totana approved at the regular meeting last September, with the votes of the PSOE-IU Totana Win, Citizen-Party of the Citizenship and the abstention of the PP, request the advance of extrabudgetary collected in Article 11.1 of Royal Decree 10/2015 of 11 September.

This included the granting of extraordinary credits and credit supplements the state budget and other measures were adopted on public employment and stimulate the economy in the amount of the maximum allowable total of all payments on account of participation in the Taxes State 2015.

Considering that payments on account are received monthly in the city of Totana amount to the amount of 529.828'93 euros;

Now the total number of 6.357.947'16 euros from the Ministry anticipates, says the mayor of Finance.

The council has explained that the beneficiaries have been councils with funding problems that we continue to face public services, payment to suppliers and contracts;

and in return for this money, local governments have until April to make the adjustment plan and the financial stability requires the central executive.

Moreover, he added that this is an advance that later have to return, but ensuring that continue to provide services without any problems and meet their needs.

These advances are granted at zero interest, like all the mechanisms that are made through the Government of Spain, and the Autonomous Liquidity Fund (FLA) or Provider Payment Plan.

For receiving the money, they should give a debt situation and economic and financial asphyxiation very worrying, as has the city of Totana, in order to ensure the provision of public services and continue to pay our suppliers, indicating Councilman Hacienda totanera.

Totana receive most of the money, 6.3 million euros, while the rest is shared Ceuta, with 2.09 million;

Moratalla, 1.53 million;

and Campos del Río, 346 498 euros.

Source: Ayuntamiento de Totana

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