With a debt of 0,0% and a net savings of 15,2%, the City Council complies with all the economic sanitation indicators required by the Law of the Canary Islands Municipal Financing Fund
Mayor Marco Aurelio Pérez informed this Thursday to the Plenary Session of the Corporation that the City Council of San Bartolomé de Tirajana enjoys good financial health and more than complies with all the economic-financial sanitation indicators required by the Law of the Canary Islands Municipal Financing Fund. as can be seen from the audits carried out by the Government of the Canary Islands on the settlement of the 2022 municipal Budget.
The Canary Fund report reveals that these economic indicators even indicate an improvement compared to 2021. In this sense, long-term debt remains at 0,0%; The City Council's net savings stand at 15,2%, some 9,2 percentage points above the required level, and the remainder of the municipal Treasury, which is evolving positively by growing by 21,1 percentage points, is at 295,5%.
Regarding the five main indicators that the Canarian Municipal Financing Fund analyzes to determine the economic and financial health of the City Council, Marco Aurelio Pérez informed the plenary session that “all ratios are met and exceeded.”
In that sense, he explained that “the collection management of this city council is at 91,4%, when Law 3/1999 requires it to be higher than 75%; the fiscal effort is 105,8% when it is requested to be higher than 73,25%; The net savings is 15,2% even though it is only required to exceed 6%; long-term debt is 0,0% when it is required to be below 70% and, finally, the Treasury remainder rises to 295,5% when the Law only determines that it must exceed 1% of the Budget.
In its general assessment, the report from the Canary Financing Fund concludes that the San Bartolomé de Tirajana City Council “presents a positive evolution in its financial and budgetary economic management in relation to the 2021 financial year, with the financial health indicators being above the required levels.”
