Treasury Department Releases General Account of 2022, Showing Debt Reduction and Increased Short-Term Liabilities

ELCHE. The Treasury department already has the General Account of 2022, as this medium advanced, with a balance of last year’s budget that shows that 60.9 million euros entered in 2022 for the IBI, another 64 million for grants or transfers and spent 44 in tenders or 18 in grants. Regarding debts with banks, both long and short term, there was a reduction of 4.6 million euros due to loan amortization.

An amortization that has been quite frequent in the previous government team, sometimes putting repayment of loans before investments that it could make. In total, 45 million were amortized in the past term. For example, in 2021 it amortized 5.9 million euros, in 2020 it voluntarily amortized 1.7 million that it did not have time to execute with the then Financially Sustainable Investments (IFS), which the Government allowed with the fiscal rules.

As for these 4.6 million, the previous government team that was going to repay debt at the same time that it was going to request its third loan already advanced in 2022. For this 2023, PP and Vox have a remainder of 21.9 million euros; ‘surplus’ from the previous year. They can decide to keep it, use it for investments, as they are going to do with a part as this newspaper has advanced (for various projects such as the pluvial network of the Santa Pola highway, Municipal Park or ornamental lighting), although they would have to finish the project this year so as not to have to wait for the next remnant to finish them, or allocate part of it to return money to the banks for loans.

Debt reduction in the long term and increase in the short term

Regarding non-current liabilities, long-term debts that come from financial obligations, provisions or debts in general, it has decreased by 3 million euros. On the other hand, in current liabilities, that is, in short-term debts, registers an increase of 9.7 million euros. You will have to pay it in less than a year, and they are debts contracted with creditors, financial institutions, etc.

Although it does not specify what they are, in other debts, for example, the outstanding balance as of December 31, 2022 of the returns in the Participations in State Taxes for the years 2008, 2009 and 2020 is included and that amounted to 8 in the year 2022 .9 million euros. as told Elche Plazathe City Council has to consign each year around 750,000 euros in the budgets to return them to the State, since this mistakenly granted him a little more than a decade ago 20 million euros more in concept of expected income. This ruling, which took place in 2008 and 2009 at the outbreak of the economic crisis, has meant that the Consistory has to return this figure annually until 2031, the year in which that extra money must be settled. Of course, according to the report, these returns are now in addition to 2008 and 2009, 2020. In the first two years there were 8.6 million. With 2020, 8.9.