City's Book Mogi das Cruzes SP 2017-18

ECONOMIC DEVELOPMENT
INDEBTEDNESS CAPACITY
Finances controlled and accounts in good standing
contract new financing and invest in the city”, says
Mayor Marcus Melo.
Infographic data
Consolidated debt: R$ 53,290,000.00
Current Net Income: R$ 1,121,738.00
The mayor bets on the country’s economic recovery in the medium
term. “Today, Federal and State governments are practically not able to
finance the works we need. But this does not prevent us from developing a
series of projects for the city, especially in the areas of urban mobility and
basic sanitation. So when funding starts to be released, we will have the
advantage of having the proposals ready to be presented”.
Indebtedness capacity: 1,300,000.00
In addition, City Hall also bets on public-private
partnerships to meet the needs of the city. “We have
many concession opportunities and PPPs, as in the areas
of management and modernization of public lighting;
collection, transshipment and final destination of solid
waste; implementation and maintenance of urban
furniture; implementation of a convention center”.
DEVELOPMENT
NUMBERS
1.300.000
IN MILLION
INDEBTEDNESS
CAPACITY
Effective financial management helps the local government invest in major works.
Despite the economic crisis that affects all Brazilian
states and municipalities, Mogi das Cruzes keeps its
accounts absolutely up to date, the result of managements
carried out with a lot of responsibility and strictness.
Personnel expenses, for example, which may reach up to
54% of Net Current Revenue, according to the Fiscal
Responsibility Law, commit only 41% of the budget.
Another relevant data is that the consolidated
debt of the city is only R$ 53 million, well below the
limit established by the Legislation of up to 120% of
the revenue, which is estimated at approximately R$
1.1 billion. “That is, our indebtedness is only 4.75%
of revenue. So today, even with this troubled political
and economic moment, we have all the conditions to
53.290
IN MILLIONS
CONSOLIDATED
DEBT
1.121.738
IN MILLION
CURRENT NET
INCOME
40
MOGI DAS CRUZES-SP/BRAZIL
MOGI DAS CRUZES-SP/BRAZIL
CITY´S BOOK 2017-18 CITY´S BOOK 2017-18
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