The Vila Real de Santo António Council (VRSA) is preparing to ask for 25 million euros under the Local Economy Support Plan (PAEL) for the payment of short-term debts.
According to the mayor's president Luís Gomes, the candidacy was completed last week by the municipal services and will be submitted to the program recently launched by the Government after being submitted for approval by the municipal bodies.
Second revealed to Sul Informação Luís Gomes, on the sidelines of the presentation of the Jessica project for the historic center of VRSA, the application was concluded on Wednesday «already dawn» and the amount to ask will be 25 million euros, «the amount that was given to us» . "It still goes to the City Council and the Municipal Assembly," he said.
PAEL is a financing program launched by the Government to which municipalities can compete to pay short-term debts due. To access this instrument, municipalities have to align themselves with a Financial Rebalancing Plan, which VRSA already has in place.
According to Luís Gomes, the revenue of the municipality he leads decreased by "50 percent" compared to "2004, 2005 and 2006", a situation that has made life difficult for the municipality. But, due to the measures already implemented, under the Financial Rebalancing, it has already been possible to "save 40 percent of the amount spent on salaries", in addition to other savings, he said.
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