Zero Debt Motril?

Vice-Mayor and Councillor for Economía y Hacienda, Nicolás Navarro, announced that all indications are that Motril should reach zero debt during 2023.

MOT Councillor Nicolas Navarro 400x250He went on to expound upon his party’s handling of the economy, pointing out that the last annual accounts were closed with a 4.9m-euro suplus.

“Citizens deserve that we should make known the rigour, efficiency and management that is being practiced with the economy,” he considered.

He went on to explain that the Town Hall bases its economic management on three pillars: paying traders, paying off bank loans and expenses linked to determined subjects. He said, for example that debt payment to traders had been reduced from 150 days down to 52.

He mentioned that Motril had been carrying a debt of 43m euros since 2007 owing to the management of previous administrations.

He concluded by saying that opposition parties shouldn’t cherry pick data in order to “confuse residents,” adding that the Town Hall couldn’t meet extraordinary expenditures until the books were balanced which will be achieved when the State pays back 4m euros that the Town Hall paid out for education/trade training.

Editorial comment: Where to start? Every Town Hall, as well as provincial, regional and central governments went into debt when the brick bubble burst in 2007/2008, which includes those ran by his party, evidently. Funny he didn’t mention that.

Neither did he mentioned that during the two years of the pandemic, town halls all over Spain made a tremendous saving on all the cultural events (fiestas, etc) that they normally lavish municipal funds on. Yes, there were extra costs concerning desinfection and other medical-related costs.

(News: Motril, Costa Tropical, Granada, Andalucia)

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