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Torrevieja Council Inherited ‘Financial disaster’ from PP

Torrevieja’s finance councillor, José Hurtado, says that the coalition authority inherited what he described as a “financial disaster” when they took over from the Partido Popular in the summer of 2015. Hurtado claims that council budgets have been hamstrung by previous late payments and interest provisions, which has meant that the authority has had to cough up nine

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7 years ago

Mar 28, 2017

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Hurtado claims that council budgets have been hamstrung by previous late payments and interest provisions, which has meant that the authority has had to cough up nine million euros over the last three years due to arrears and interest.

“The interest payments could have been used for the benefit of residents”, said Hurtado, who added that the figures would only get worse as he was only working on statistics up to December 2016.