Municipality of Santarém Ends 2024 with a Favorable Outcome of €4,9 Million
Rewritten Article:
Holding credible 2024 accounts is crucial for maintaining a strong relationship with the banking sector, as these funds help finance public investments, according to João Teixeira Leite, the president of the municipality.
As per the 2024 accounts report, the municipal revenue this year has reached 60.7 million euros, marking an increase from the 2023 figure of 57 million euros, thanks to a rise in current transfers (4.3 million euros) and taxes, fines, and other penalties (394 thousand euros).
The report has secured the green light from the executive, with favorable votes from PSD and PS councilors, and a lone 'no' vote from Chega. This document is now set for appreciation and voting in the municipal assembly, with an anticipated agreement between PSD and PS providing an absolute majority.
The budget execution rate for revenue stands at 86%, meeting the minimum legal requirement of 85%. On the spending side, the budget execution rate was 78.6%, with payments amounting to 59.9 million euros, an uptick compared to the 2023 figure.
The municipality attributes this increase to the enhancement of components related to the acquisition of goods and services (2.6 million euros) and personnel (1.7 million euros). Interestingly, the municipality managed to reduce its debt by 1.2 million euros during the last year, bringing it down to 30.7 million euros. Since 2011, the municipal debt has fallen by approximately 69 million euros.
With the debt well below its capacity, the president anticipates more public investments in the near future, citing the financial robustness to uphold commitments and being below the imposed legal limit.
Payments to suppliers have significantly reduced, ranging from an average of 35 days to just 17 days.
Manuela Estevão, the councilor from Chega, acknowledges the positive financial results but expresses concerns about the possible increase in Chamber's debt due to ongoing investments financed by bank funds. Current debt figures exclude expenses related to the new rugby field, Ribeira de Santarém sports field, and the synthetic turf at the Higher Agricultural School. If these investments proceed as planned, the municipality's debt may rise to 56 million euros.
For a comprehensive understanding of Santarém's financial landscape, it's essential to review the budget details on the official municipal website, local news outlets, or government financial reports.
[Source: Official municipal website, local news outlets, or government financial reports]
In wider economic contexts, Portugal presents a stable economy with encouraging trends like decreasing inequality and high human development indices[2]. For specific details about Santarém's financial situation, localized data is necessary.
[2] Portugal’s economic indicators (Portuguese Statistics Institute)
- "What about the expected financial situation next year, given that the municipal debt has reduced significantly this year, as per João Teixeira Leite?"
- "In 2023, the municipality's banking relations played a crucial role in financing public investments, as shown by the increase in revenue to 60.7 million euros, an increase from the 2023 figure of 57 million euros."
- "Teixeira has expressed optimism about more public investments in the future, with the municipality's debt well below its capacity and below the imposed legal limit."
- "Manuela Estevão, a councilor from Chega, despite acknowledging the positive financial results, has raised concerns about a possible increase in the municipal debt due to ongoing investments financed by bank funds, particularly if the new rugby field, Ribeira de Santarém sports field, and the synthetic turf at the Higher Agricultural School are included."
