The Budget of Faro for 2014 it has revenues "which may be fictitious", to cover "real expenses" and "the Municipality will sink even further, increasing the financial gap by around 15 million euros", defends the movement "Save Faro, with Heart» (CFC/SF). The document was approved on Monday, at the Municipal Assembly of Faro, with the vote against of the municipal deputies of the movement.
According to the structure that supported José Vitorino's candidacy for mayor, in September 2013, "about 25 percent of the budgeted total" are revenues that may not be realized. The increase in the level of indebtedness recommended by the CFC/SF “results from the fact that 68,8 million are expected to be Effective Expenditure, while the Receivable Revenue will barely exceed 50 million.
"It was a bad proposal of the PSD/CDS Coalition, which also holds the PS responsible, as it only passed due to its conniving abstention in the Chamber and Assembly, when it could and should have voted against it to make a reformulation that was indispensable", accused the movement.
«The terrible thing that is happening was foreseen and denounced in the Electoral Program of the candidacy ” Save Faro, With Heart” and has essentially been confirmed by the positions of public entities. The Court of Auditors has refused to approve the PAEL loan of 20,6 million euros. In turn, on the Budget, the General Directorate of Local Administration expressed that the risk of non-accomplishment of several revenue items is high and that the budgetary risk is significant», added the CFC/SF
The movement also defended that there are "several expendable expenses, which result from wrong options" that can be cut, as well as "revenues of another type not contemplated and global financial restructuring".
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