Torrevieja Socialists Warn €200 Million Budget Could Push Council Debt Above €76 Million
Torrevieja’s Socialist Party has launched a fierce attack on the municipality’s record €200 million budget for 2027, warning that unrealistic income forecasts, uncertain investment funding and rising borrowing could leave the council facing debts exceeding €76 million. The PSOE was the only political group to vote against the initial approval of the budget, which received […] The post Torrevieja…
The Torrevieja Socialist Party has criticised the municipality's proposed €200 million budget for 2027, warning that it could push the council's debt above €76 million. The party's concerns focus on the budget's unrealistic income forecasts, uncertain investment funding, and rising borrowing needs. Socialist councillor David Villanueva specifically highlighted a potential €32.8 million in questionable revenue, including revenue from municipal asset sales that has not materialised in the past.
Additionally, he raised concerns over plans for over €26.1 million in additional borrowing, warning that the council's debt could exceed €76 million by 2027, potentially leading to an annual financial burden of more than €7.2 million.
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