The Elche City Council has given the green light to two significant economic measures aimed at strengthening its financial stability and optimizing public resources. Firstly, an early repayment of €4.58 million in financial debt will be made. Secondly, the purpose of several recently signed loans will be modified to allocate surplus amounts to new investments planned for 2026.

Specifically, the Council will prepay a loan taken out with Banco Sabadell, which was intended to finance investments from the 2023 budget. This operation will result in an annual financial burden reduction of over €410,000 and an estimated saving of nearly €790,000 in interest over the loan's lifetime. The current outstanding balance of this loan amounts to €8,072,791.50.

The repayment will be financed through two recent budget modifications: one legally mandated to allocate the municipal surplus to debt reduction, and another from already settled European funds.

Additionally, the City Council will redirect €940,583.81 from surplus loan financing signed in 2024 and 2025. These funds, initially earmarked for investments not to be incorporated into the 2026 budget, will now be allocated to the road urbanization project near the football stadium area, included in the municipal budget for 2026.

This modification affects loans taken out with Caja Rural Central, Eurocaja Rural, and Caja Rural de Granada. The terms of these loans, which have not yet been disbursed, expressly allow for the modification of the purpose of the financed investments.