Lisbon Chamber registers positive results of about 100 million euros in 2022 and reduces debt

The Chamber of Lisbon ended 2022 with a positive net result of around €100 million and a debt reduction of €22.4 million, according to figures released this Wednesday by the municipal executive.

“With one of the highest economic growth rates ever recorded in 2022, the net result for the year reversed the negative trend of the past two years and amounted to 99.8 million euros,” Lisbon City Council (CML) said in a report. a statement sent during a caucus meeting of the executive branch to vote on account statements.

Behind closed doors, the municipal executive, chaired by Carlos Moedas (PSD), who rules without an absolute majority, meets this Wednesday to evaluate and vote on the municipality’s 2022 reporting, including five municipal companies, namely EMEL – Empresa Lisbon Municipal. Mobility and Parking, Carris – Lisbon Carris de Ferro Company, West Lisbon SRU – Urban Rehabilitation Society, Gebalis – Lisbon Municipal Rental Authority and EGEAC – Equipment Management and Cultural Animation Company.

From the Management Report and the Financial and Budget Report for 2022, CML highlighted the positive results of around €100 million, a €22.4 million debt reduction and an increase of approximately 50% in investment in the housing sector, in which investments made increased from 35 to 52 million euros.

“We have no doubt that housing is the main challenge we face under this mandate. In this sense, the almost 50 percent increase in investment in this area is a key indicator and a very clear sign that this is a problem in which we are strongly committed to finding solutions that will help reduce the severity of the problem in the city,” said Carlos Moedas, quoted in the statement. .

The mayor also said that the results of the reporting for 2022, practically the first year of the government of the Novos Tempos (PSD/CDS-PP/MPT/PPM/Aliança) coalition, which took office in October 2021, are “very positive”. and highlight major concerns and achievements in several areas with a focus on the social dimension.”

The mayor emphasized that in 2022 the restrictions of the covid-19 pandemic were lifted and there was a recovery in economic activity, “but the energy crisis, increased inflation and restrictions in the supply of materials presented challenges to the municipality that were successfully overcome.”

“The year ended with an execution rate of about 84% (compared to 64% in 2019) and with an improvement in the budget balance and current account balance of CML,” the municipality said.

With regard to the total debt of the municipality, a decrease of 22.4 million euros was recorded, in which the efforts to consolidate municipal liabilities were associated with “reducing debt to suppliers, including investment suppliers, which embodies the determination of the executive branch to actively contribute to the functioning of the economy, namely at the level of small and medium local companies”.

The Executive Director of the CML consists of 17 members, seven of whom are elected from the Novos Tempos coalition (the only persons with specific responsibilities), four from the PS, two from the PCP, two from Cidadãos Por Lisboa (elected by the PS/Livre coalition), one from Livre and one of the B.E.