The Canary Coalition in the Cabildo of Lanzarote regrets that the institution is indebting itself by requesting a loan “for the amount of 23.89 million euros”. According to CC, this was done, supposedly, to “specify investments included in the island budget for 2021”, which has already ended, when it was not even “able to execute the funds it had available”.
“Already in the 2020 financial year, they barely executed a ridiculous percentage of 9% of the planned investment, leaving 91 euros out of every hundred uninvested, and in this 2021 financial year that has just ended, it will probably be even worse,” emphasizes the deputy spokesperson for CC-PNC, Pedro San Ginés, adding that “we already warned at the time that for 2021, which has already ended, a series of investments were planned to be financed with a loan, which they obviously did not execute.”
The Canary Coalition maintains that this is “a real absurdity that reflects the null management of a government that, having 100 million euros of surplus and own resources from the year that it does not execute, requests a loan of almost 24 million euros for which it will pay a fortune in interest for twelve years.”
The Canary Coalition points out that it inherited from the PSOE the Presidency of a Cabildo “indebted with 54 million euros that were owed to the banks, and with hardly any surpluses”, and ten years later, the socialist Dolores Corujo found “an institution that was healthy, with barely two million in debt with the banks, and around 100 million euros in surpluses in cash”. However, CC adds that, in just two and a half years, “its disastrous and painful management will once again leave the Cabildo unnecessarily indebted with more than 25 million.”
Finally, CC points out that “the worst and most suspicious thing about this credit absurdity” is that more than half, almost 14 million euros “are supposedly destined for the acquisition of homes for social rent, when throughout the Canary Islands, the Housing Plan is fully financed by the Autonomous Community.”
“It is true that the Government of the Canary Islands has been allocating and announcing the imminent construction of 400 homes on the island for three years, of which nothing is yet known,” CC concludes.
