Barcelona City Council has closed the 2023 financial year by meeting the main financial objectives, maintaining a high level of budget execution and presenting a surplus for the first time since the pandemic.
The Deputy Mayor for Economy, Jordi Valls, today presented the execution of last year's accounts, which present a surplus of 51.2 million euros. In the previous three years, a deficit had been recorded that those responsible for municipal finances explained by the extra effort made by the City Council to face the effects of covid-19 on the local economy.
Last year, Barcelona City Council spent almost all the money it had budgeted, specifically 92.2% (chapters 1 to 7), that is, 3,337 million euros and 78.5% (584 million of the planned investment ).
The end of the year shows that gross budgetary savings (the difference between income and current expenditure) remains stable, standing at 16.2% at the end of 2023, with 534 million euros, within the recommended range of 15%. twenty%.
Debt also remains stable, between 30 and 35% of current income. Specifically, the debt with the banks that Barcelona City Council has stands at 1,012.9 million euros at the end of the year, which represents 30.7% of total current income, well below the limit set by the Local Treasury Law. At the same time, the remaining treasury, the liquid funds that the City Council has to make payments, is 5.7% of its current income, therefore above the 5% that the Consistori has set.
Payment to suppliers closed 2023 in 21.7 days on average since the invoice entered the municipal registry, below the 30 days established by law.
The financial solvency of the City Council is once again accredited by the ratings issued by the Standard agencies
Both rating agencies agree that, if they could rate the City Council independently of the Spanish State, this rating would be better in both cases: aa- and aaa, respectively.
