The Deputy Ministry of Finance of the Government of the Canary Islands has given the green light to the Economic-Financial Plan (PEF) of the Cabildo de Lanzarote, "a key document approved last August to guarantee the stability budgetary and the sustainability of public accounts," explain from the Cabildo.
This instrument, required by the financial stability regulations, "will allow the first institution to recover the economic path established prior to the global pandemic of 2020, thus recovering the spending limit eliminated in previous years from the central government," they consider.
The approval of this document by the regional government will allow the Cabildo de Lanzarote to access about 10 million euros from the treasury surplus that it can add to the budget of the current year, which it should also be remembered that it is the highest in the history of the island institution.
Thus, the Cabildo de Lanzarote guarantees the continuity of strategic projects in areas such as public works, social welfare, sports, sustainability and collaboration with the seven municipalities of the island.
The president of the Cabildo, Oswaldo Betancort, highlighted the importance of this regional support, which "shows that we are doing things well and in accordance with the law." "This approval is proof that we are managing with seriousness, working with rigor, responsibility and planning to guarantee the future of our islands and of the next generations," said the highest island authority.
For her part, the vice president and Minister of Finance and Contracting, María Jesús Tovar, stressed that this endorsement by the Canarian Executive "is a boost to a serious and committed economic management with the citizens." "The Economic-Financial Plan allows us to maintain the course of a modern, efficient and transparent administration, capable of responding to social needs and promoting the investments that Lanzarote needs," she added.