This operation will be financed with part of the positive treasury surplus obtained after the close of the 2025 fiscal year, which showed a favorable balance of 2,465,808 euros. Specifically, the budget modification amounts to 1,433,596 euros, of which 936,215 euros will be allocated to the early amortization of the loan.
“"We achieve a historic milestone: reaching zero debt and freeing ourselves from the financial burden that has weighed us down in recent years."
In addition to the early amortization of the loan, the credit modification approved in plenary session includes allocating 225,000 euros for the completion of the adaptation and air conditioning of the Sant Felip hermitage and another 225,000 euros to finance phase II of the restoration and rehabilitation project of the northern wall of the Castillo de la Mola.
The proposal went ahead with the favorable vote of the PSOE and Compromís. The spokesperson for the latter party, Silvia Anna, recalled the convenience of reaching a consensus on the planned investments. Vox opted for abstention, while the Partido Popular voted against, considering, like Compromís, that the investments included in the budget modification had not been previously agreed upon with the other municipal groups.
With this decision, the Novelda City Council closes a period marked by high municipal debt and opens a new economic scenario with greater investment capacity. The definitive cancellation of the debt ends more than a decade of efforts to clean up public accounts, which reached close to 40 million euros in the mid-2010s.
Since 2019, when the current government team assumed municipal responsibility with a debt exceeding 15 million euros, the council has implemented an economic policy based on expenditure control and progressive loan amortization. This process has allowed for a continuous reduction in debt until the total cancellation of financial debt in 2026, opening a new stage without debt and with greater scope to allocate resources to investments and municipal projects.
