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The average payment period to suppliers of the City of Torre Pacheco is reduced to 87.79 days below 90 days for the first time since the historical series is done.

The City Council has paid in the second quarter a total of 3,025,899 euros in bills.

The ratio of paid operations, ie, the effective time in which the City is facing its commitments, is reduced to 54 days compared to 107 days a year.

Councilman Finance and Communications, Carlos Lopez, has welcomed the effective reduction in the average payment period, because it involves "not only that the city is facing payments more effectively than a year ago, but the measures expediting and effectiveness taken by the government team have immediate effects, and are the suppliers, as small and medium enterprises in the municipality majority, which are benefiting from them. "

Lopez stressed that "the impulse to public procurement has enabled regularize and standardize the economic relationship of the council with all service providers, and that improved coordination between the different departments of the economic area begins to bear fruit."

"This 2016 is a year of economic transition," said Lopez, and added that "in the remainder of the year will give a definitive hiring momentum with the introduction of innovative measures as regards the purchase of supplies, reducing the ratio of outstanding payment transactions, which accumulates million in bills from previous years, and the standardization of procedures to improve the efficiency of the economic area in terms of approval and payment of bills. "

"The aim of these measures," said Lopez, "is to meet the financial commitments of City Hall and the measures that the Ministry of Finance requires Local Authorities, with the goal of reducing debt below 75% currently in 99% -. and the average payment period below 30 days fall below these indicators would allow the City Council to access financing and use of the surplus for financially sustainable investments ".

Source: Ayuntamiento de Torre Pacheco