Estepona City Council achieves the largest economic surplus in its history

For the tenth consecutive year, the Consistory has placed all its figures in the green, with a financing capacity of 24.04 million euros.

The mayor’s office has approved a budget amendment to allocate 15.42 million euros of the surplus to enhance the works and maintenance of the suburbs and neighborhoods, as well as to improve the infrastructure of the city and new facilities.

The City Council of Estepona reports that it has approved the liquidation of the 2024 budget. According to the Deputy Mayor of the Economic Area, Ana Vilaseca, “the liquidation shows historical figures, with a surplus of 45.63 million euros”. For the tenth consecutive year, the Consistory has managed to place all the economic magnitudes in positive and has taken off economically exceeding all expectations. Budgetary stability has reached 24.04 million euros, a record amount since records have been kept.

This surplus can now revert to the citizens and will be used to promote the works and maintenance of the suburbs and neighborhoods of Estepona, as well as the improvement and maintenance of the city’s infrastructure with the aim of designing the largest productive investment plan in the history of the municipality.

In this sense, the positive liquidation has allowed the City Council to continue with works projects already started in 2024 amounting to 15.42 million euros. This amount comes from the Treasury surplus and will be allocated to a specific action plan.

Thus, the incorporation of surplus funds has been approved for a new asphalting plan (2.2 million euros), new investment in general use assets (6.4 million euros), improvements to public parks (1 million euros), a comprehensive plan for remodeling and infrastructure throughout the municipality (0.5 million euros), a public lighting plan (1.5 million euros), completion of the coastal corridor (500.000 euros), the acquisition of works of art for the city (90,000 euros), the purchase of musical instruments for the new conservatory (92,000 euros), the reform of pavements in sports facilities (250,000 euros), the acquisition and installation of two calisthenics parks (100,000 euros), the rehabilitation of the Local Police gym (120,000 euros), works and landscaping of Doctor Ruiz Méndez Avenue (125.000 euros), and to provide credit for the file to obtain the necessary land for the construction and start-up of a water desalination plant in Estepona to add water resources to the pooled network and thus contribute to avoid the phenomenon of a possible drought on the Costa del Sol (2.2 million euros).

This amount coming from the historical Treasury surplus is added to the investment plan launched by the municipal budget of this year whose total amount is

17.34 million euros and in which highlights the works of the new parking that is already being executed in the vicinity of the Church of Carmen and the start of the works of the Boulevard in the Central Park.

Another data highlighted by the report of the Intervention of which will be reported to the plenary is that of the outstanding debt of the City Council, which as of December 31 last stood at 24,756,739.34 euros, ie, only less than 8% of the more than 303 million debt inherited from previous corporations. Thus, the current indebtedness of the municipality is at 18.60%, the lowest for the city in the last 30 years, the forecast of the Consistory is that by the end of this year the inherited debt will be below 5 million euros.

The situation of the municipal treasury is also the best in decades. The balance in bank accounts as of December 31, 2024 is 98,678,414.30 euros. At this point, the mayor of the Economic Area, Ana Vilaseca has stressed that “we must not forget that when the PP acceded to the mayor’s office in 2011, the bank balance was not even enough to pay the June payroll and extra summer workers, a situation that contrasts with the bank liquidity of today, with more than 98 million euros at the end of the year and after paying the debt inherited in 2011 and to make and pay investments in the municipality at an annual average in recent years of more than 20 million euros executed “.

It also highlights the evolution of the average payment period, the latest report of the Municipal Treasury which has been reported to the Plenary puts it at 12.11 days, placing the City of Estepona as one of the best payers in Spain.

The city has several consecutive years improving its best data on public investment in the city, Estepona being the city of the province of Malaga that, in proportion to its number of inhabitants, more invests in equipment. The equipment carried out by this Corporation such as the Regional Hospital, the Municipal Athletics Stadium, the Trade Fair and Sports Park, the Felipe VI Auditorium, the Municipal Public Parking Plan, Asphalt Plans, the integral remodeling of the old town, the Mirador del Carmen, the new Paseo Marítimo, the construction of the coastal corridor, the new town hall building, the new water tank in Las Mesas or the Rocódromo, among others, are some of the highlights.