The Madrid City Council has closed the 2024 budget with an execution of 92 percent, a surplus of 483 million euros and 754 million cash remaining. According to the data provided by those responsible for the Finance Area, which is directed by Engracia Hidalgo, the status of public accounts has allowed the City Council to pay their bills in December to an average of 9 days.
The delegate of Economy, Innovation and Finance, Engracia Hidalgo, explained yesterday that of the 5,939 million euros of non -financial spending of the municipal budget of 2024, 92 percent was executed. These are, he concluded, the accounts with a higher degree of execution since 2015. In social spending, last year the municipal managers allocated 981 million euros, “the highest figure in the historical series,” said Hidalgo. Approaching the zoom, it assumes that the capital is allocated 283 euros per inhabitant to social spending, 146 euros more than what was done in 2015.
As for the districts, they reached 94.2 percent execution, a percentage higher than the average of the budget and the highest data so far. They are more than 842 million managed directly by the districts. The nine of the south and east allocated 441 million euros, 124 million more than in 2018 (+39 percent), which represents 281 euros per person, compared to 212 euros per inhabitant in the rest.
Income also increased: 5,986.9 million euros were recognized, higher by 323.5 million to those of December 2023, which was the highest data since 2015. This demonstrates, the municipal officials stood out, the recovery of economic activity in the city of Madrid. And that the Constitutional Court judgment on the surplus value has forced the City Council to return about 500 million.
In real estate tax (IBI) 1,516 million euros were collected; The surplus value stood at 262 million; The Economic Activities Tax (IAE) reached 141 and that of 140 million vehicles, 386,000 euros less than in 2023 due to the increase of vehicles bonus for low pollution and the decrease in the number of vehicles of greater fiscal power.
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