Slash­ing the debt

Costa Levante News - - NEWS -

News staff re­porter VA­LEN­CIA city hall has man­aged to cut the debt by 16.47 per cent in the first six months of 2017.

The fig­ure was re­leased by Trea­sury coun­cil­lor Ramón Vi­lar, who also re­vealed that the av­er­age time needed to pay sup­plier bills has de­creased to 7 days in 2017, down from the '100 day' time­frame that the gov­ern­ing team orig­i­nally in­her­ited two years ago.

Bank debt also con­tin­ues to de­crease, as the city was able to shed €8 mil­lion off the over­all fig­ure dur­ing the month of June.

Lastly, Vi­lar ex­pressed sat­is­fac­tion as re­gards 'lo­cal self­suf­fi­ciency in re­la­tion to ex­penses and in­come', while show­ing his dis­sat­is­fac­tion with the cen­tral gov­ern­ment 'over­see­ing the in­vest­ment of the money of Va­len­cian men and women'.

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