The mayor of Tavira considered this Wednesday that the second place obtained in the ‘ranking’ of the Financial Yearbook of Municipalities, in the category of medium-sized municipalities, reflects the recognition of “good management” by municipalities.
“This recognition reflects the daily work of a dedicated team and the commitment to the good management of public resources”, pointed out Ana Paula Martins, president of , in a written note sent to the Lusa agency.
According to the socialist mayor, who was reappointed in the municipal elections on October 12, the management of the municipality “is not carried out thinking about the ‘ranking’, but rather, about improving the well-being of the community”.
The work is carried out “with a constant focus on improving the quality of life of the people of Tavira”, he highlighted.
For Ana Paula Martins, rising one more position compared to last year’s ranking, “is not only a reason for pride, but also the recognition and consolidation of Tavira’s image as a financially sustainable municipality”.
The mayor guaranteed that the municipal executive will continue to work “with responsibility, transparency and proximity, so that Tavira continues to be a reference for development and good governance”.
The performance ranking in 2024, prepared in the Financial Yearbook of Municipalities, was presented on Tuesday in Porto, and evaluated 308 municipalities based on ten financial indicators, including liquidity, debt, budget execution and payment deadlines.
The study by the Accounting and Taxation Research Center of the Polytechnic Institute of Cávado and Ave, has the support of the Order of Certified Accountants and the Court of Auditors,
According to the document, only 86 municipalities (13 large, 27 medium-sized and 46 small) reached a level considered satisfactory of financial effectiveness and efficiency.
The ‘rankings’ in the Financial Yearbook are prepared based on a score that can reach up to 1,900 points, encompassing 10 indicators: liquidity index, ratio between EBITDA (earnings before interest, taxes, depreciation and amortization) and operating income, weight of liabilities required in assets, liabilities per inhabitant, financial coverage rate of expenses incurred in the year, average payment period, degree of execution of the effective leap, total debt index 2021, ‘surplus’ index [excedente] and direct taxes per inhabitant.
In the smaller municipalities, the classification is led by Óbidos (Leiria), with 1,606 points, followed by Murtosa (Aveiro) with 1,583 points and Santa Cruz das Flores (Autonomous Region of the Azores), with 1,573 points.
In the 100 municipalities with the best classification, only 28% of small municipalities are represented.
In large municipalities, the list is led by Sintra (Lisbon district), with 1,695 points, followed by Maia (Porto), with 1,683 points and Amadora (Lisbon), with 1,554 points.
In medium-sized markets, the ranking is led by Abrantes (Santarém), with 1,554 points, followed by Tavira (Faro), with 1,504 points, and Castelo Branco, with 1,493 points.
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