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"The good municipal management makes the municipality of La Union save more than 300,000 euros in interest to banks" (22/09/2016)

Adhering to the Management Fund Ministry of Finance by the City of La Union, it makes unionenses 343,000 euros are saved in interest and loan policies.

The Union, September 22, 2016-After reaching last year the City Council, the socialist government team met a debt that exceeded 23 million euros and that made it impossible viability unionense Consistory.

In this situation, the Department of Finance who directs Elena J. Lozano, and a favorable report from municipal auditor, decided to apply for membership of the Fund management City Council, Ministry of Finance, getting in this year refinance municipal debt through a credit line ICO, which allowed lower interest policies and loans that the city was paying 5% to 0, 94%, generating savings for the municipality in this year of 343,000 euros.

Thus, the municipal budget will be increased in other items such as maintenance of public buildings, sports facilities, districts, etc.

and will go to pay off the debt incurred by the previous team of popular government, such as and among others that has held since February 2014, with the company responsible for the management and treatment of municipal solid waste (Cogersol) to which It owes more than 400,000 euros.

"As we have always done the Socialists, act responsibly to the great problems of the municipality, guaranteeing the provision of public services and welfare to citizens", says the Mayor of La Union.

Source: Ayuntamiento de La Unión

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