Portal de Cieza
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As explained Councilman Antonio Penalva, the City Council of Cieza, the hand of its municipal government has resorted back to bank loans to cope with the financing of investments included in the recently approved budget for 2012.
Ecosocialist spokesman stated that "if the municipal budgets and surprised us, to allocate the investment chapter's paltry 419,976 euros, still, it's overwhelming to have to go to a loan to cope with them. All this is only an indication of the economic troubles of this government in spite of the surplus so useful that closed the year 2011. "
Penalva, recalled that "simultaneously with the execution of the loan, the government approved PP alone in the corporation's full Plan payments of outstanding obligations of the autonomous community with the town of Cieza worth 2 million euros , calendado for 5 years, provided it is carried out and not be amended again "
The application for this loan "confirms that acceptance of the Pay Plan Valcarcel tax is detrimental to the interests of Cieza, and that all has been achieved, effectively, was transfer the debt to the Autonomous Community local authorities "
Clearly the transfer of debt by local authorities Valcárcel, in a situation in which all revenues are down dramatically, you can not allow the autonomous region does not meet its financial obligations, and in the case Cieza, has consented submissively, rather than stand and demand for any amounts due.
Yet more debt to Cieza, also a high interest rate, to 4.75 percent from the corresponding Euribor, reviewable every three months with a grace period of 11 months, in which only pay interest, which thickens considerably the total cost of the loan.
Source: IURM
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