Portal de Cartagena
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The partial repayment of the loan of 35.5 million requested the City to pay the debt to suppliers, will save in interest about two and a half million euros, as noted by the Councillor for Finance, Fatima Suanzes after approval by the plenary.
As has been explained Suanzes this partial redemption, required by law, € 10.5 million surplus from last year will be used.
This measure will give oxygen to the municipal account, according to the mayor, as it will release in each of the budgets of the next seven years 1.6 million euros, of which 1,075,000 are amortized and capital and to 555,000 interests that would generate capital.
This measure will allow the City Council bellows and dispose of financial means in the next seven years, coinciding with the life of the loan, which will be used to determine the actions at all times.
Source: Ayuntamiento de Cartagena
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