The Plenary will approve a budget amendment to pay almost all the debt inherited from previous governments.

The City Council expects to liquidate this year 20 million of the 24 million pending, with the idea of activating an ambitious tax reduction next year.

The Estepona City Council will approve in the plenary session of this March an amendment to the 2025 budget to allocate 20 million euros to the payment of the inherited debt, so that during this year would be paid almost all of the debt left in the City Council by previous governments and amounted to 304 million euros.

The Consistory closed 2024 with record figures in economic matters. Last year’s budget settlement showed for the tenth consecutive year a positive cash surplus for general expenses, i.e. a surplus of 45.63 million euros. The financing capacity stands at 24.04 million euros.

With the budget amendment that is brought to plenary, the government team aims to direct the economic boom towards all the citizens of Estepona, with further impact on productive investment policies and providing credit to the expenditure budget to pay the maximum of the inherited debt.

The idea with which it works is to amortize this year 20 of the 24 million euros remaining today of debt. In this way, during the 2026 financial year, an ambitious tax reduction plan can be implemented, which is already being worked on.

The 2024 budget settlement has stood out for having yielded the best economic data in Estepona’s last decades. Since the budget settlement of 2015, the accounts of the Estepona City Council have all economic magnitudes in green.