The Mijas Town Hall has managed to reduce its average payment period to suppliers to 27.46 days, almost three days below the legal limit. This will allow it to allocate the treasury surplus to financially sustainable investments.
The Mijas Town Hall has taken a key step to unlock long-awaited investments, such as the senior citizens' residence. The mayor, Ana Mata, and the councillor for Economy, Mario Bravo, presented on Monday the data confirming that the average payment period to suppliers stands at 27.46 days, almost three days below the legal limit of 30 days.
This compliance opens the door for the Town Hall to use the treasury surplus for what are known as financially sustainable investments (IFS). These allow for the financing of long-term works and services without increasing debt, provided that certain criteria are met, which, according to the government team, Mijas already meets.
“We are talking about projects as important as the senior citizens' residence, which previously, no matter how much it was said, could not be done because the law was not being complied with. Our interest and work are focused on continuing to meet all the requirements to be able to use the surplus for important projects for the well-being of our residents and the future of our city,” stated the mayor.
The figure of 27.46 days represents the best record since January 2018, as highlighted by Mata. To achieve this, the Town Hall has launched the Budget Management Body, electronic administration, the Municipal Organic Regulation (ROM), and the Anti-Fraud Plan.
The mayor has insisted that these results generate greater confidence among large companies, SMEs, and self-employed individuals, placing Mijas “in the position it deserves and leaving behind the erratic economic administration of previous terms.” Furthermore, if the trend continues, the municipality will not need to prepare an Economic Financial Plan.
Another notable change is the reduction of minor contracts. The current government team has signed 198 minor contracts compared to 774 in the previous term (2019-2023), opting for regulated bidding.
The councillor for Economy and Finance wanted to highlight the work of the municipal staff in achieving this milestone, which falls under the Budgetary Stability and Financial Sustainability Law of 2012.
With this margin, the Town Hall will be able to allocate the surplus to projects such as housing, public roads, parks and gardens, primary social assistance, transport, or sports facilities. The senior citizens' residence is shaping up to be one of the priorities.
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