The Municipality of Vila Real de Santo António released, this Friday, the results of the consolidation of accounts for 2016, which presented a management balance of 5,3 million euros. According to the Chamber, "positive results were obtained in almost all the indicators".
In the heading of net results, the municipality highlights “a positive decrease of four million euros, in the case of the City Council”, and, in 2015, the results amounted to 1,6 million euros.
The municipality registers "a significant contribution" from the municipal company VRSA – Sociedade de Gestão Urbana, which went from a negative result of around 1,9 million euros in 2015 to a positive result of close to 376 thousand euros.
Compared to the same period of 2015, the municipality increased its assets by more than 17 million euros, from a value of 124 to 142 million euros.
In the field of debts to suppliers, the Chamber says it has reduced its liabilities by around 8 million euros, with short-term debt rising from 38,7 million euros in 2015 to 35,9 million in 2016 Medium-long term liabilities remained at 97,2 million euros.
Likewise, the municipality reduced spending on the Supply of External Goods and Services by almost two million euros, with reductions in costs and losses having decreased by 3,5 million compared to 2015. In terms of financial losses, the reduction exceeded 300 thousand euros.
In the 2016 balance sheet, the Chamber of VRSA also highlights “the increase in income and gains which, compared to 2015, totaled an increase of 456 thousand euros, namely through sales and services rendered by the municipality to other entities”.
For Luís Gomes, Mayor, «these indicators show the solidity of the municipal accounts, by fulfilling one of the main objectives of this executive, which was to regularize and normalize the municipality's economic and financial situation, responding effectively to the current situation of crisis which was, in fact, the factor responsible for the reduction of municipal revenues in the last seven years».
The municipality recalls that these measures are added to the Financial Containment Plan of the Municipality of VRSA, “in force for more than five years, which has already allowed savings of more than 15 million euros, as a result of the application of a hundred transversal measures to all divisions and sectors of activity».
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