The mayor of Yaiza, Óscar Noda, presented the results of the latest audit prepared by the Government of the Canary Islands, which scrutinizes the municipal accounts for 2024, at a press conference this Tuesday. The report not only reflects the positive evolution of the City Council's economic and budgetary management compared to the previous year but also shows that its financial health indicators are above the levels required by the Canary Islands Municipal Financing Law. Therefore, Yaiza receives one hundred percent of said fund, and can even allocate half of it to investment. The Institution has maintained its debt at zero euros since 2018.
Óscar Noda, who is also in charge of the Department of Economy and Finance, stated that "we have clearly improved all financial health ratios and our fiscal and collection efforts. This is work that I attribute to all government areas and municipal staff, so we are satisfied, but our goal is to continue growing and invest more in projects for the common good. In the last month and a half alone, we have put out to tender projects worth more than 7 million euros."
Yaiza closed its 2024 accounts with a treasury surplus of 40.9 million euros, compared to 32.5 million in the previous year. "This is the indicator that best shows the strength or weakness of the Administration's economic structure. In our case, we have used part of that money for investment projects, some entirely financed by the municipality, and others by joining forces with other administrations," added the mayor.
In its conclusions, the Canary Islands government report estimates Yaiza's surplus at 14.6 million euros, 56.4 percent more than in 2023. Yaiza met the revenue collection management condition with 85.6 percent, while the minimum target for the fiscal year was 75 percent; it also met the fiscal effort condition with 103.3 percent, while the limit for 2024 was 71.7 percentAs the audit establishes, if the forecast indicated in the balance framework for the coming years were to be met, the entity's finances would not be compromised. "We continue to meet all our obligations, we invest and we pay our suppliers on time, and that is stimulating the economy and promoting employment," the mayor concluded
