Coin maintains payment to suppliers in an average of 11 days in the year 2022
In 2022, the City Council paid more than 5.7 million euros in invoices to suppliers who collected it in a total average of 11.5 days. The mayor reports that this past year more than 1.5 million euros of debt has been paid, ending the year with 11.98 million euros pending.
Coín continues to maintain the best average payment term to suppliers. With a global average of 11.5 days in 2022, the town council has paid more than 5.7 million euros in invoices to suppliers in the best possible time. "We continue to maintain the best record and this is a symptom of the good economic management that we are carrying out and, best of all, that we generate seriousness and confidence in the markets, which is why we buy cheaper and in better time", defended the mayor Francisco Santos , in a press conference at the Consistory.
And it is that the City Council of Coín has been maintaining these good records for several years since it reached 10 days on average in 2021. "Our challenge will always be to pay in the shortest time possible because this way we help local companies and we can also buy more, in better time and with less money, since we are more competitive because we have a serious and responsible institution with public resources of all our neighbours”, he assured.
During the past year, Coin maintained an average payment period of 8.51 days in the first quarter; 8.29 days in the second quarter; 18 days in the third quarter, which coincides with the summer period; and 10.77 days in the fourth and last quarter. "These are very good data that are not easy to achieve, because behind these numbers there is hard administrative and management work to make it possible," he explained. And it is that, in addition to keeping these records, the councilor from Coin has highlighted the annual debt payment that the Consistory has maintained since 2011. “Every year we continue to pay debt. This 2022 has been a total of 1.5 million euros to end the year owing banks 11.98 million euros. However, we continue to pay debt, we continue to maintain the best payment term for our local companies and we continue to generate good investments for the municipality”, he added.
For this 2023, according to the Municipal Budgets approved in November, it is expected that the debt at the end of the year will remain at 10.69 million euros and, therefore, in 2024 it will have dropped below 10 million euros. "Among the more than 16 million euros that we have already paid to the banks, it should be noted that in 2022 we have completed the payment of the debt with Social Security, which was more than 3 million euros," he recalled. On the other hand, Francisco Santos has been positive, since the economic management of the current government team in the City Council, as well as the budgets approved in recent years "are allowing the growth and sustainable progress of our city." "We see how large projects are becoming a reality, such as the Parque Lineal, the Senda Fluvial, our third phase of the Avenida de España, the entrance to Coín through Miravalle or the historic streets of our town that we are remodeling as Calle de la Cruz or Puerta de la Villa, this is possible thanks to the management that this team carries out in the City Council”, he remarked.
In this sense, he has criticized that "the incredible rise in prices" such as fuel, electricity, material costs, labor "has diminished and weighed down the economy not only of Coin, but of the entire country", without However, he has affirmed that the City Council has faced him, assuming all the costs "so as not to affect the family economy." “Many works were left deserted and we have had to work twice as hard, increasing the budget to be able to award the contracts and today they are finally a reality”, he highlighted.
This 2023, national inflation continues to be above 7% and "these high costs continue to reduce commercial activity", although the City Council continues to face it without affecting the public, as stated in the municipal budgets for this 2023 "which keeps taxes, rates and all municipal public prices frozen."
