- Local financial sustainability is supported with more than 4.223 billion euros nationwide.
- Between measures, the offset of maturities or the extension of amortization deadlines.
The Government of Spain will improve the conditions of the Financing Fund to guarantee the financial sustainability of municipalities with difficulties. In the case of the Community of Madrid, the municipalities of Aranjuez, Arganda del Rey, Brunete, Casarrubuelos, Cenientos, Moraleja de Enmedio, Navalcarnero, Parla, Quijorna, Torrejón de la Calzada, Torrejón de Velasco, Villaconejos and Villanueva de Perales can be welcomed.
It is a measure to which municipalities with financial problems that have already benefited from a similar measure approved in previous years or that meet certain requirements can be voluntarily ascribed.
Improved conditions
Firstly, it provides for a shift until December 30 of the maturities that occur between June and October 2025 of the pending operations with the Fund for Financing Local Entities.
With this shift of maturities until the end of the year, there will be a reduction of the annual amortization quota by 50%.
It also provides for an extension of the repayment period of the current loans of the aforementioned Financing Fund by 10 years in addition to the current maturity year. This term will be 20 years for municipalities that have a Real Estate Tax (IBI) rate of more than 0.8%.
These and other provisions reflect the firm commitment of the Government of Spain to municipalism and to a more cohesive Community of Madrid, where public resources reach those who need them most, wherever they live.
The aid will not be granted automatically, so the interested parties must make a formal request. They must also submit or update a financial sustainability plan to the Ministry of Finance.