The public debt of San Bartolomé de Tirajana stood at 29 million euros. This represents a decrease of 28,81 million euros compared to the previous year. The per capita debt stood at 57,36 euros for each resident of San Bartolomé de Tirajana. These are data on the public debt of the municipalities published by the Ministry of Finance and Public Administrations, to which Maspalomas24H has had access.
In recent months, Maspalomas has experienced significant economic growth, driven by tourism and construction. This has led to an increase in investments in the municipality. These investments are intended to improve the municipality's infrastructure and services, which will attract more visitors and create new jobs.
According to data from the San Bartolomé de Tirajana City Council, the municipality has more than 20.000 workers in the tourism sector neighboring the town, that is, without counting people who come from outside. This represents 30% of the municipality's active population.
San Bartolomé de Tirajana's debt is mainly made up of short-term debt (60,9%) and long-term debt (39,1%). Short-term debt consists of bank loans and other debts that must be repaid within one year. Long-term debt is made up of long-term loans, such as municipal bonds.
San Bartolomé de Tirajana's debt is used to finance investment projects, such as the construction of infrastructure, the provision of public services and economic promotion. The San Bartolomé de Tirajana City Council has an adjustment plan to reduce its debt. The plan includes measures such as increasing income and reducing expenses.
