Rincon de la Victoria council ends year with surplus

RINCON DE LA VICTORIA Council has announced it finished 2014 with a surplus of €5.7 million.

The news was shared by mayor of the town, Francisco Salado, who said: “We have worked hard to reorganise the municipal accounts to channel them towards economic recovery and sustainability.”

This surplus left from 2014 will mean in the Council won’t have to turn to banks to fund future projects, and thus preventing the generation of new debt.

“It is the third year that our accounts have finished with a surplus,” said the mayor, who added that the benefit would be used on social programmes, street renovations, and other improvement work.