COSTA BLANCA NEWS – BALANCING THE BOOKS IN BENIDORM

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BENIDORM town hall has paid off €11.1 million off its Adjustment Plan debt which goes back to 2012.

The Plan de Ajuste was passed by the national government to help cash-strapped local governments when the economic crisis was at its height, and Benidorm, like many other town halls, had to ask for a bailout.

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A further €2.8 million that is still pending from the 2012 loan will be paid off in 2023, announced the town hall’s finance councillor Aida Garcia Mayor.

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