Mogán, with its 20.938 inhabitants, maintains its strong management strengths, according to IGAE (Spanish Association of Municipalities of the Canary Islands). The city council in southern Gran Canaria has consistently pursued the objective of budgetary stability according to the SEC criteria. It also complied with the Expenditure Rule. Mogán demonstrates robust operational management. However, a significant jump in capital investments and a sharp increase in financial expenses, which include significant liability management, tipped the balance toward a substantial deficit in 2023. The numbers speak to a commitment to development, but also to the costs that this entails.
Analyzing the per capita data, Mogán reported revenue of €3.124 per capita, the highest in its range of municipalities in Spain (between 20.001 and 50.000 inhabitants). However, its expenses were also the highest, at €3.364 per capita. This left a negative balance of -€240 per capita. Outstanding debt per capita was €765. Gross savings on current operations were positive, at €11.106.105, indicating good day-to-day health. Net savings stood at €4.969.777. Outstanding debt amounted to €16.025.184. Total settled income reached €65.402.533. Settled expenses amounted to €70.427.990.
In current operations, revenue totaled €54.095.019 (82,7% of total revenue). Of these, direct taxes contributed €15.871.533 (24,3%), indirect taxes €6.558.544 (10,0%), and fees and other revenues €14.580.192 (22,3%). Current transfers amounted to €17.032.315 (26,0%). Current expenditures amounted to €42.988.914 (61,0% of total expenditure). Personnel expenses amounted to €17.895.315 (25,4%), and expenditure on goods and services was €23.455.095 (33,3%). Current financial expenses were lower at €619.090 (0,9%). However, the imbalance came from other sources. Capital operations showed revenue of €11.171.786 (17,1%), but a much higher expenditure of €21.167.023 (30,1%). Real investments were the key here, with €21.127.713 (30,0% of total expenditure).
Finally, financial operations also contributed to the deficit. They generated only €135.727, while financial expenses reached €6.272.052 (8,9%). The majority of this, €6.136.328 (8,7%), corresponded to financial liabilities. The evolution from 2021 to 2023 shows a changing picture. Mogán's total revenue fell by 4,03% from 2022 to 2023, reaching €65.402.533. This decrease is explained by a drastic drop in revenue from financial operations (-99,22%). However, current revenue grew by 13,14%, driven by fees and other revenue (+36,58%) and current transfers (+10,96%). Total expenses increased by a significant 32,01% from 2022 to 2023, reaching €70.427.990. Although current expenses decreased slightly by 2,43%, real investments soared by 143,64%, and expenses on financial liabilities increased by a staggering 1.423,03%.
