Cieza reduces its debt to a historic low and will stop paying interest this year.

Municipal sources indicate that, following the close of the 2018 fiscal year, the financial debt figures for the Cieza City Council, provided by the Finance Councillor, Antonio Ignacio Martínez-Real, are at their lowest level in decades. Currently, the debt stands at just under €990,000, which equates to approximately €29 per inhabitant. “Furthermore, it should be noted that with upcoming repayments, the debt will continue to decrease, and only the zero-interest loans will remain to be paid in the near future. Therefore, the City Council will cease paying any interest this year, something unthinkable and difficult to imagine just four years ago.”

The councilor points out that “it must be remembered that, before the municipal elections of 2015, the financial debt of the Cieza City Council amounted to 8,596,000 Euros, which was equivalent to 245.69 Euros per inhabitant, almost ten times more than the current amount.

To all this must be added that the "legacy" left by the PP was not limited only to that financial debt, but also brought a series of "Judgments" and "Obligations" that have been faced and resolved, such as the V6 Judgment of 5,000,000 Euros, the Prointec Judgment of 53,000 Euros, payments of 525,000 Euros for discrepancies in previous settlements, the Cieza Golf Judgment in the process of agreement, the Judgment for the bad management of DTT of 3,000 Euros, or for non-payment of the CAI project another Judgment of 23,000 Euros, in addition to sanctions for works in Public Schools, and a long etcetera.

Therefore, it is clear and evident that, in addition to reducing the financial debt, we have had to deal with various court rulings, as Antonio Martínez-Real states: “When we came into government, we found the drawers empty of projects but full of obstacles and adverse rulings, which has conditioned the course of our entire term. Despite all these problems, we have demonstrated optimal management capacity, since without raising taxes we have been reducing the financial debt to a minimum, paying the rulings and previous bills, and all this without detriment to public services or investment, carrying out new projects and reducing the IBI (Property Tax) by 41%.”