The Plenary Meeting reports on the economic compliance and the payment of more than 90% of the 304 million euros of the inherited debt.

This inherited debt stands at 28 million euros, so that the City Council has gone from owing 4,600 euros per inhabitant to less than 400 euros/inhabitant.

The average payment period is 15 days, being the Consistory at the head of the local administrations with the highest prompt payment in Spain.

The Plenary of the Corporation has given account today of the obligations to provide economic-financial information referring to the fourth quarter of 2023, where the municipal reports show the compliance by the City Council of Estepona with the objectives of budgetary stability, the fight against delinquency and payment to suppliers. In this regard, the municipal reports state that the average payment period is 15 days, being the Consistory within the legal payment period and at the head of local administrations with greater prompt payment in Spain.

Likewise, the government team continues to responsibly face the economic management derived from the past. In this sense, it continues with the payment of the debt of 304 million euros inherited in June 2011, which is currently at 28 million euros, and which is expected to be reduced to 25 million euros at the end of the year 2024. In this regard, it should be recalled that since 2011 the City Council has paid an average of 60,000 euros per day to pay off this inherited debt. Thus, the Consistory has gone from owing 4,600 euros per inhabitant to less than 400 euros/inhabitant.

The vertiginous rhythm of amortization of this inherited debt has allowed considerable savings to the municipal coffers by avoiding the payment of the interest it generates. Thus, the 60 million of inherited debt with the Social Security Treasury has been paid in full, as well as the debt for all the unaccounted invoices, the so-called ‘invoices in the drawers’ (33 million euros) and the inherited debt with the Junta de Andalucía for the improper or unjustified use of subsidies granted by the autonomous administration to the previous socialist government (6 million euros) was paid in full. In addition, the inherited debt with the Tax Agency was ended (18 million euros); the entire inherited debt with the concessionaire of the water service was paid (8 million euros) and about 90 million euros of the inherited bank debt and generated largely by the Payment Plan to Suppliers, which had to be subscribed in 2012, derived entirely from unpaid invoices between 2009-2011, have already been paid.

In this way, the mayor of Estepona, José María García Urbano, explained that the City Council is today a serious, healthy and responsible administration, which has laid the foundations of economic stability after managing the ruin in which the City Council was in 2011, providing the local administration with security, lower taxes and record public investments.

Also in the plenary session has taken office the mayor of the government team Julia Simon Ortega, who will hold the municipal delegations of Women and Youth.