Bank of Spain has taken Marbella Town Hall off the list of debtors

15:04 El NACHO 0 Comments

Mayor of Marbella, Angeles Muñoz, has announced that the Bank of Spain has taken Marbella Town Hall of the list of debtors. This, she says, is further evidence of the solvency and reliability of the current governing team in the town.

The current administration inherited a huge debt from previous years, of 80 million euros. Thanks to negotiations, it was reduced to 52 million and so far, 10 million has been repaid.

Meanwhile, the Social Security and Tax Office have not been so understanding and the debt with them remains the same, at 600,000 euros per month.