How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Daily brief -Thursday 23 February 2017
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Wincham announce opening of Marbella office
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
Central Govt may pay off Ayuntamiento debts
Earlier today the Deputy Prime Minister, Soraya Saenz de Santa Maria, announced the Government's proposal to pay the outstanding debts owed by the majority of Ayuntamientos across Spain.
The majority of Ayuntamientos - especially the smaller or medium sized ones in areas of little industry or tourism - are struggling to pay their debts to employees or suppliers and the regional governments are being increasingly forced to extend levels of debt to them, which only exposes the regions to further levels of debt.
Saenz de Santa Maria, who is also the Spokesperson for the Government and the Minister for the Presidency, went on to say how the first step is an order for all Ayuntamientos to report the full extent of their debts by March 15th.
The Deputy PM did not eleborate on the details of how the debts would then be resolved, but speculation is that the Central Government will either arrange for full payment of all outstanding bills, or act as a guarantor for their payment, thereby stimulating growth of the economy.
Latest News & Stories
- Five women killed in four days as gender violence spikes in Spain
- Spain struggles with spike in migrant arrivals at North African exclave
- New Route Manchester - Seville
- How millions of Spanish fans are watching pirated soccer on Facebook Live
- Spain says butane gas-bottle truck theft not terrorist related
- Facebook user faces €30,000 fine for posting video of Spanish policeman
- Hundreds of migrants cross into Spain's Ceuta in second wave in 3 days
- Spain will drop out of the world’s 25 largest economies by 2050
- Brexit Worry as Spain Predict Financial Disaster
- 'That bus has gone' - EU sees no Brexit U-turn now