The Arrecife City Council has significantly reduced the average payment period to suppliers from an average of 364.43 days in June 2019 to 52.17 days in the last month of 2020, according to the latest statistics from the Ministry of Finance.
The government group highlights that in this year and a half of management they have managed to "stop being the local corporation in Spain with the longest average payment period and place themselves, with this average, in a period of less than two months in the payment of invoices to suppliers".
The mayoress of Arrecife, Astrid Pérez, highlights that one of her objectives was to ensure that the City Council was among the local public institutions as "good payers", an aspect that "has already been achieved" and in which she affirms that her government group continues working "to shorten these deadlines".
Astrid Pérez has remarked that it has been important to achieve this new average payment period during 2020, "a year weighed down by the pandemic and where many SMEs and self-employed workers needed an injection of public money from the services and works provided to this Administration".
"It has now been achieved, as a result of the management of these months ago, that the suppliers of the City Council, the self-employed and small businesses, are paid in the shortest possible time", remarks the first mayor.
More than 15 million euros to suppliers
In this year and a half (between June 2019 and December 2020) the capital City Council affirms that it has managed to face more than 15 million euros to suppliers, in pending invoices, and that it has managed to ensure that the capital of Lanzarote "has no financial debt with banking entities", after carrying out during 2020 the early amortization of the existing bank credits to date.
"Arrecife is going through a very complicated economic and social situation due to the pandemic and it is important to be close to the local companies that are having the worst time. Reducing the average payment period is essential for the economy of these companies, which will be able to collect the services provided to the City Council in less than two months", said the Councilor for Economy and Finance, Cristina Duque.
