Yaiza allocates 22 million euros more to investments

Óscar Noda emphasizes that “part of last year's surplus will be allocated this 2025 to playgrounds, road improvements, sports facilities and other citizen welfare works and infrastructures”

March 26 2025 (19:58 WET)
Óscar Noda, Mayor of Yaiza, on his visit to a municipal action
Óscar Noda, Mayor of Yaiza, on his visit to a municipal action

Óscar Noda, mayor and councilor responsible for Economy and Finance of Yaiza, advanced this Wednesday the proposal to incorporate 22.9 million euros from treasury surpluses from the settlement of the 2024 fiscal year to the current municipal budget, “money with which we intend to continue paying for the execution of modernization projects and the implementation of playgrounds, resurfacing and complementary works in road improvements, sports facilities and other cultural and social infrastructures that are not only demanded by citizens, but also by the development of the municipality and its population growth".

The draft resolution, with the approval of the Intervention, will be taken by the government group of Unidos por Yaiza to the plenary session of next Monday, March 31 to submit it to debate and approval.

The southern leader recalls that “Yaiza's treasury surplus is a true reflection of the management of an Administration that today meets all its obligations.” Óscar Noda refers to one of the financial indicators "most important and best represents the liquidity of the Institution, the treasury surplus".

The results of the last Management Audit of the Government of the Canary Islands certified that Yaiza has its financial health indicators above those required by the Law of the Canary Islands Municipal Financing Fund, “with a surplus and zero debt.”

The mayor also informs that “we also have planned the purchase of plots and buildings to improve municipal services and, in that same direction, the acquisition of vehicles and machinery for the mobile park.”

On the other hand, he recalls that “we have projects underway and we have presented new large-scale projects to supramunicipal administrations, such as the Cabildo of Lanzarote and the Government of the Canary Islands, which need co-financing, and with the surplus we can and are able to face them.”

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