Friday, September 09, 2005

Lisbon City Creditworthiness

According to Expresso newspaper, Galp cut off fuel supplies to Lisbon City Council due to non-payment.

One of my suppliers had the same problem with the City. When calling to request payment, they were told, "The 'Santanistas' spent everything".

How is it possible for a City administration to be so irresponsible that they spend to a point that there are no funds for basic necessities such as fuel for the refuse collection fleet?

Budgetary discipline cannot be restricted to Central Government. Tighter control is required over Local Government spending, which is subject to less public scrutiny and therefore open to greater abuse.

2 comments:

LUIS MILHANO (Lumife) said...

Um bom fim de semana e já liquidei os "intrusos"

LUIS MILHANO (Lumife) said...

Nova passagem também para desejar um bom fim de semana.