Torrevieja Reports €10.1 Million Adjusted Budget Surplus
Torrevieja City Council closed 2025 with an adjusted budget surplus of more than €10.1 million and a total treasury balance of €45.36 million, according to its General Account, which is being submitted to the council for final approval. Of the treasury balance, approximately €19.6 million is available for general expenditure. The consolidated accounts cover the […] The post Torrevieja Reports…
Torrevieja's City Council announced a €10.1 million adjusted budget surplus for 2025, with a total treasury balance of €45.36 million. This surplus, along with €19.6 million available for general expenditure, demonstrates the city's financial stability amid rapid growth and expanding municipal services. The consolidated accounts, covering the council and two autonomous bodies, total €236.63 million, with net assets valued at approximately €212.8 million.
Liquidity and treasury ratios of 3.4515 and 3.1495 respectively indicate the authority's ability to meet short-term financial obligations. Finance councillor Domingo Paredes attributed the positive results to the city's growing population and increased municipal services. The council plans to update its municipal assets register and align it with its accounts, while also enhancing financial oversight through a new internal-control module.
Despite objections from the Socialist municipal group, the council's accounting and intervention officers recommended rejecting the objections as they were based on an unsupported interpretation of regulations. Once approved, the 2025 General Account will be submitted to Spain’s Court of Auditors and other financial oversight bodies.
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