The Cabildo of Lanzarote has approved, in the extraordinary plenary session held this Wednesday, the Financial Economic Plan for the year 2025, a document that ensures the island Corporation complies with current budget law.
In this way, and as has happened in most of the Canary Islands' councils, the first institution recovers the economic path established prior to the 2020 pandemic, thus recovering the spending limit eliminated in previous years.
The president of the Cabildo of Lanzarote, Oswaldo Betancort, assures that this approval "is a reflection of the commitment of this Government Group to the economic recovery of the institution." "We arrived in 2023 to a Cabildo that did not invest, that did not solve the major problems of Lanzarote and La Graciosa and that did nothing but look the other way," said the president.
The vice president and Minister of Finance, María Jesús Tovar, stressed for her part that this Financial Economic Plan reflects "that the Cabildo of Lanzarote has no debt of any kind."
"When recovering the economic path established prior to the pandemic, we were aware that adjustments had to be made, but always with a focus on debt, so we can proudly say that we have completely healthy accounts," she added.
After this administrative procedure, once approved in the plenary session, the document will be sent to the Vice-Ministry of Finance of the Government of the Canary Islands so that, once studied, they proceed to its final approval and it is returned to the Cabildo of Lanzarote again.
In addition, it should be noted that this Financial Economic Plan also contemplates the incorporation of about ten million euros more from the treasury surplus available to the Cabildo of Lanzarote to the initial budget, which was approved last February for an amount that amounts to 209 million euros, the highest in the history of the Corporation.
"In this way, and complying with the law, we will be able to add these ten million that would be added to the budget that we already approved with a focus on social welfare; housing; the protection of the territory; security; and the promotion of physical activity and sports, among other aspects," Tovar concluded.