Eloise HorsfieldAXARQUIA Town Halls have finally settled €68.8 million in outstanding debts to suppliers thanks to a central government fund.
Thousands of businesses have benefitted from a Royal Decree issued in February which gave town halls up and down the country the chance to sign up for government support to settle their bills.
Velez Malaga has since settled 8,000 bills to 850 suppliers, totalling €27.7, while Rincon de la Victoria has transferred €23.4 million, Nerja €4.8 million and Benamocarra €2 million.
“This plan has enabled us to provide a large amount of money to suppliers and businesses, who are the true generators of employment in our country,” said PP senator Patricia Navarro.
That’s wonderful that suppliers have been paid their bills –
but where does the money REALLY come from? Is it like UK printed with no backup (“quantitave easing”) or WHERE!?