The Town Council approves today the 2024 budget settlement, more than one million euros that allows the elimination of the Town Hall’s outstanding debt
Ruiz: “Every euro that used to go to debt repayment will now be used to improve services, infrastructure, and the well-being of all residents”
The Redován Town Council brings the balance to zero today with the approval in a Plenary Session of the positive Treasury surplus for 2024: €1,054,218.69, which allows the full settlement of the Town Hall’s outstanding debt. The Councillor for Finance, José Nájar, and the Mayor, Nely Ruiz, announced this “historic” milestone for the municipality at a press conference today, as it puts an end to over 6 million euros of debt that had been accumulating since 2011, when the Popular Party took office.
Nely Ruiz recalled that at that time, “the situation was critical, with unpaid invoices, unfulfilled commitments with associations, debts with consortiums and even with the Generalitat”. That is why, the mayor added, “we began implementing a rigorous, responsible management focused on cleaning up public accounts, which has led us to close the 2024 financial year with this positive Treasury surplus and the opportunity to cancel the debt — which, of course, we are going to do”.
The Councillor for Finance, José Nájar, explained that as of last December 31, the debt stood at €914,314.69, corresponding to pending payments to suppliers and a loan from the Economic Boost Fund requested in 2021, which was used to resolve another long-standing issue — a pending expropriation dating back to the 1980s. Nájar emphasized that this operation will be a relief for municipal finances, “but also a guarantee of strength and confidence to face future projects with greater freedom and ambition”.
“Today, Redován leaves behind a historic burden and looks to the future with economic stability,” the mayor stated, explaining that with no debt to pay off, the Town Council will be able to allocate “every euro that previously went to debt repayment to improving services, infrastructure, and the well-being of our residents”. As a result, Redován now enjoys sound finances, taking another step toward becoming a modern, balanced town designed for the people who live in it.
