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Brussels puts a red light on municipal spending in Maspalomas
Town Hall of Tunte Town Hall of Tunte

Brussels puts a red light on municipal spending in Maspalomas

Maspalomas24h Friday, June 21, 2024

The Independent Fiscal Responsibility Authority of Spain, an independent fiscal control body connected to Brussels, confirmed this Thursday to Maspalomas24H that the San Bartolomé de Tirajana City Council would already be in the red lantern in terms of spending. 


In the update of the municipal accounts, Airef says that as of March 2024 the amount pending payment is 7 million euros, that is, it has already eaten up the municipal surplus of 6,7 million euros with which 2024 began. The average payment time as of March 2024 has been 161 days. It is the worst data since June 2022.

The president of the Independent Fiscal Responsibility Authority, Cristina Herrero, warned this Thursday that the new fiscal rules require an adjustment program with local corporations to make it feasible to achieve the commitments since "if we want it to be fulfilled, it is not worth designing it from from above, it has to be designed from below".

In the medium-term horizon 2025-2028, AIReF estimates that the local subsector consolidates an annual surplus of around 0,1% of GDP. This surplus is below that consolidated in the years prior to the suspension of fiscal rules, including 2019, a year that was especially intensive in spending. 

 

This reduction in the structural surplus of the local subsector is determined, fundamentally, by the growth verified in years of suspension in current spending that, due to its recurring nature, is consolidated in the future, without this increase being fully compensated by the expected increase. of the incomes.

 

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