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Vila-real avala una modificación de crédito y encara la recta final para liquidar 5,9 millones ... - News Directory 3

Vila-real avala una modificación de crédito y encara la recta final para liquidar 5,9 millones …

May 15, 2026 Ahmed Hassan Business
News Context
At a glance
  • The Vila-real City Council approved a credit modification on May 15, 2026, to settle approximately 5.9 million euros in outstanding invoices owed to suppliers.
  • The decision was reached during an extraordinary and urgent plenary session.
  • Mayor José Benlloch stated that as of December 31, 2025, the municipality held a total debt with suppliers amounting to 8.2 million euros.
Original source: castellonplaza.com

The Vila-real City Council approved a credit modification on May 15, 2026, to settle approximately 5.9 million euros in outstanding invoices owed to suppliers.

The decision was reached during an extraordinary and urgent plenary session. The funds are designated to pay invoices primarily from 2025, as well as some from previous years.

Mayor José Benlloch stated that as of December 31, 2025, the municipality held a total debt with suppliers amounting to 8.2 million euros.

The strategy to eliminate this debt is being executed in two stages. A mayoral resolution issued on May 7, 2026, incorporated 2.3 million euros, which the city expects to pay within a period of approximately 15 days.

The credit modification approved on May 15, 2026, addresses the remaining balance of nearly 5.9 million euros. Because the Plenary is the competent body for incorporating funds for this type of expenditure, the approval will be published in the Official Gazette of the Province (BOP) for 15 business days.

This financial move follows an earlier announcement on May 7, 2026, indicating that Vila-real had allocated 3.5 million euros from its 2025 surplus to sanitize its accounts and reduce indebtedness.

The current efforts to clear supplier debts are part of a longer-term trend of debt reduction for the municipality. Over the last 15 years, the city’s debt has fallen from a peak of 72% in 2011 to 30% following the current operations announced by the mayor.

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