Portal de Las Torres de Cotillas
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The central government announced yesterday join new bearings on the measure passed in late May that prevented municipalities borrow public or private from the date of approval through 2012.
After rectifying this schedule and communicate that the veto would only be effective in 2011, now introduces a new change, municipalities may borrow money next year if the debt does not exceed 75% and the credit goes to investment rather than current spending.
"This new 'swerve' of the central government shows that Zapatero is a president who is not governed by a project studied, meditated and reflected, but for the most pure and dangerous improvisation," says the mayor of Las Torres de Cotillas, Domingo Coronado.
Currently, the City of Las Torres de Cotillas accumulated debts amounting to 19'84%.
"This data makes clear that in the context of the current situation of Spanish and world economy, we are in a healthy financial situation," said Coronado, who notes that the Consistory Torreño still "bank can borrow at a value of 17 million euros. "
"We are studying several projects and is sure we take advantage of this possibility of borrowing for various investments in the city, always looking to improve the quality of life for our neighbors," Mayor Announces Torreño.
Source: Ayuntamiento de Las Torres de Cotillas
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