Almuñécar 45 Million Euro Deficit

The new administration in the Almuñécar Town Hall has had a bit of a shock. The counting has finally finished and the results for the audit, which goes back to 2007 and covers the period up until 31 December, 2010, are in.

Unfortunately, the figures show that the administration owes around 45 million euros for the said period, reported the Councillor for Finance, Antonio Laborda.

The same accounting team is now working on the period up to 2012, after finally closing the accounts for the 2007-2010 period. The delay in submitting these figures has meant that Almuñécar has had much needed income from State Taxes embargoed to the tune of 1,546,011 euros. Money that would have been very handy recently and the blame for the delay and amount owed has been firmly laid at the door of the previous administration.

Mr. Laborda has stated that the embargoed money has now been freed up and should be with the administration very soon and believes that the funds will increase the frequency of payments to suppliers who are still owed money by the Town Hall.

[News: Almunecar, Costa Tropical, Granada, Andalucia)

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