Tag Archive for budget

Spain Has a Problem…

One amongst several, of course, but a rather big one: its ceiling for expenditure is 133,259m euros for 2014 but its tax system is not working. You see, although Spain has one of the highest tax rates in the European Union, it actually brings in less than most.

Almuñécar Reduces Debt

Well, it appears that Almuñécar has clawed back four million euros from its debt, after putting to bed the 2012 budget year. The debt at the close of 2011 stood at 42,193,097 euros, whereas at the close of 2012 it had been reduced to 39,228,923 euros.

A-7 Further Delayed?

Surprisingly, the 2013 budget announced by the Central Government shows that there is no money for the A-7 between Almuñécar/Salobreña. In fact, there is no money set aside until 2014, when it will receive a budget of 118m euros, and then 15m euros in 2015 and finally, 12m euros in 2016.

Problematic Budget?

Salobreña is set to spend half of its 2012 budget on personnel salaries.Not surprisingly, the opposition have their teeth into this, as it is a juicy political morsel.