Portal de Alguazas

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2015 budgets increased by 3'7%, investments increased by 61% (14/01/2015)

The plan of adjustment and retrenchment of recent years bear fruit Â· The tax burden of the municipality of Alguazas is 10.8% lower than the national average Â· The debt ratio is lower than the average of Spanish municipalities

Alguazas City Council recently approved its municipal budget for 2015 with a total amount of both income and expenditure of 6,337,956 euros, representing an increase over 2014 of 3'7%.

This figure confirms the upward trend in these municipal accounts, following the positive change of 1.8% of the budget 2014 compared to the previous annuity after years of decline in these data.

This increase experienced by the municipal budget, enabling increased spending ceiling set by the municipality of Alguazas, and is mainly due to the positive development of the local economy based on the following indicators:

- The liquidation of the 2013 budget showed a positive cash surplus of 2,017,971 euros ie income exceeded expenditure by just over 2 million euros.

- The continued evolution of the existence of liquidity makes it possible for the average period of payment to suppliers of the City of Alguazas is currently 16'35 days, which improves the confidence of suppliers in the City of Alguazas and allows achieving better conditions contracting and purchasing.

- The tax burden of the municipality of Alguazas is 10.8% lower than the national average, thereby promoting consumption and private investment in the municipality.

- The investment chapter is increased in 2015 by 61%, exceeding the figure for this annuity of 240,000 euros.

An increase mainly due to the contribution of the Regional Government's Plan of Works and Services (POS) of the town, an investment recovers after not exist during the years 2012, 2013 and 2014.

By adopting these assumptions the city council scrupulously meets the objective of budgetary stability and purpose of the rule of spending under the Organic Law 2/2012 of 27 April Budgetary Stability and Financial Sustainability.

Debt below the average

The financial debt of the City of Alguazas is kept within reasonable parameters of sustainability and debt ratio is lower than the average of Spanish municipalities.

Compared to the end of 2013, to complete the 2014 annuity will be reduced municipal debt with financial institutions in more than 430,000 euros.

From these data it follows that the bank borrowings per capita of the City of Alguazas to 31/12/2014 is 498'25 euros / capita, significantly less than in most of the municipalities in our category.

Social Bet

The municipal budget for 2015 is still committed Alguazas, in chapter two of expenses by social services, such as Telecare, the program reconciles the Infant School, the Office of Consumer Affairs, the home help service The gerontogimnasia, etc.

"Similarly, in chapter four of expenditure continue to support our neighbors with grants for students with Bonobús municipal service, support grants pensioners and large families, as well as an agreement with Red Cross for healthcare in events" said the mayor, José Antonio Fernández Lladó,

It has also provided scholarships to both students and library grants and aids urgent need to mitigate risk and social exclusion and subsidies Municipal School Board, the Board of guilds, sports organizations and cultural associations, the Association of Women, the Club of the Third Age and NGOs in the municipality.

YEAR

MUNICIPAL BUDGET

BUDGET CHANGES WITH RESPECT TO PREVIOUS ANNUITY

â‚¬ 6,002,973

- 0.5%

â‚¬ 6,111,179

+ 1.8%

â‚¬ 6,337,956

+ 3.7%

YEAR

OUTSTANDING DEBT PAYMENT TO BANKS

PERCENTAGE OF DEBT WITH RESPECT TO THE INCOME OF LAST YEAR CLEARED