Budgetary execution came out at 93.4%, with 3,589 million euros, the largest non-finance expenditure figure to date. The execution of current expenditure came out at 95.7% (2,348 million euros), while investment reached 84%, with 657 million.

Gross budgetary saving (the difference between revenue and current expenditure) remained stable at 18.2%, with 653.1 million euros, within the range of 15% to 20% that the municipal government set as its desired solvency ratio.

Evolution of debt

There was a slight drop in debt, which stands at 29% of all current revenue, below the initial provision of 31.2% and last year’s closing figure of 30.7%. Debt with banks stands at 1,035.7 million euros at the close of the 2024 financial year, well below the limit set by the Act on local tax systems.

At the same time, treasury carryover (the funds that the City Council has available to make payments) stands at 5.8% of its current revenue, above the 5% goal set by the City Council.

The banking system provides 90.8% of municipal debt, completed by the private placement of sustainable debt bonds. The public bank is the main source of finance, with the European Investment Bank (EIB) as the main creditor.

Financial solvency and transparency as a priority.

Payment of providers again closes out the year at an average of 21.7 days from the moment invoices are entered on the municipal register, well below the 30 days set out by the law.

The agencies of Standard & Poor and Fitch continue to give the highest score possible to Barcelona’s financial solvency, which would improve if the City Council was evaluated independently from the state.

Following the clearance of the budget, the City Council will again be publishing a report in a widely available newspaper, offering a synthetic, graphic and understandable report for people on how the budget has been executed. This is an accurate and accessible document, verifiable through the open data on the website for Strategy and Finances and the Open Budget.