Portal de Totana
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The Full Council of Totana held tomorrow (8:10 pm) extraordinary and urgent session to request the Ministry of Finance and Public Administration accession Management Fund measures financial sustainability of the autonomous communities and local entities.
In the field of local authorities, depending on your financial situation, there are several mechanisms.
Management Fund is intended for highly indebted municipalities in financial risk, and those with more than 75,000 inhabitants or provincial capitals whose average payment period to suppliers exceeded repeatedly in more than thirty days the maximum period provided for in the regulations Late Payments.
Furthermore, the Economic Promotion Fund is intended for local authorities to meet the objectives of budgetary stability and public debt and whose average supplier payment period not exceeding repeatedly in more than thirty days the maximum period provided for in the regulations Late Payments.
Financing maturities of loans associated with financially sustainable investments or to finance investment projects that are deemed relevant by the Government Commission for Economic Affairs is expected.
Moreover, it is permissible to ten years deferred payment of the negative settlement of 2013.
This rule reflects the desire of the Government to extend to all territorial administrations benefit from the lower cost of financing Spain obtained in the markets.
Source: Ayuntamiento de Totana
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