Silves City Council will have a budget of 80 million euros in 2025, of which 48 million are current expenses and the rest investment, a source from the municipality revealed to Lusa.
The budget for 2025 has a global budget higher than this year’s by around eight million euros, the municipality pointed out to the Lusa agency, justifying the difference with “the large volume of accumulated investment”, which is supported by bank loans, funds community or other income, he indicated.
The only municipality with a CDU majority in the Algarve approved the strategic document for next year with the votes of the elected representatives of this political force (four) and the abstentions of PSD (two) and PS (one), in the City Council, on November 26th.
The Municipal Assembly ratified the proposal in mid-December, with 12 votes in favor of the CDU and one elected by the PSD, abstentions by seven elected Social Democrats and six from the PS, and one vote against Chega, the municipality noted.
To the current expenses of 48 million euros, investment expenses will be added in areas such as the Water and Sanitation Network (9 million euros), Urban Requalification and Rehabilitation (5 million euros), Health Equipment ( 1.2 million), the Road Network (9.5 million euros) or the Safeguard of Cultural Heritage (1.4 million), he listed.
It is also planned to invest 1.1 million euros in the school park, 2.7 million euros in Social Action, 700,000 euros in Social Housing, 880,000 euros in social actions, 1.5 million in Cultural Activities, 7.7 million in Education and 2.2 million in support of the associative movement and fire brigades in the municipality, belonging to the district of Faro.
Lusa questioned the Silves Chamber about the tax rates that will be applied in 2025 and the municipality responded that the Municipal Property Tax (IMI) will have the “minimum rate”, with a reduction in the value for households with one, two and three or more dependent, while the pour “is not applied”.
The IRS is “a fundamental revenue of the municipality that is transferred annually by the Central State” and “there is no refund of funds”, said the municipality, considering that “fiscal justice/tax reduction is the responsibility of the Central Administration”.
Asked about the importance of approving the budget for 2025, she replied that “it is a fundamental (flexible) instrument that guides municipal policy/action” and “maintains high dynamics in terms of volume of investment, works and activities”.
The ultimate objective is to “defend the quality of public service, serve the population and ensure the reinforcement of social and territorial cohesion”, he concluded.
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