debt repayment
Estepona City Council clears 7 million debt from PSOE era construction company
A judicial sentence forced the Consistory to pay off a debt left by the socialists, resulting in high interests on unpaid works like those in Seghers urbanization, the Police School, and the Pabellón del Carmen redevelopment. The current government team found a 7 million euro debt from the largest construction company during the PSOE government,…
Approval of Budget Adjustment to Settle Majority of Inherited Debt in Estepona
The upcoming plenary session in March will see the Estepona City Council approve a budget adjustment for 2025, allocating 20 million euros to pay off a significant portion of the debt left by previous administrations. This move aims to nearly clear the 24 million euro debt by the end of this year, paving the way…