Slashing the debt
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'.