Murtosa's ranking in the Municipal Financial Yearbook reflects "rigor in management"

The mayor of Murtosa said today that the second place obtained in the ranking of the Municipal Financial Yearbook, in the category of small municipalities, "is a reflection of the rigor in the management" of the local authority.

In a statement to Lusa, Januário Cunha expressed his satisfaction with the position obtained by the Municipality of which he is president, having been re-elected in the municipal elections of October 12.

"This positioning naturally brings us satisfaction and reflects the rigor applied to the management of the Municipality of Murtosa," in the district of Aveiro, he stated.

Januário Cunha, who before becoming mayor was already a member of the Murtosa municipal executive in previous terms, emphasized that the ranking demonstrates that the Municipality "manages to honor its commitments and, simultaneously, achieve a high degree of investment completion."

The local authority, while safeguarding its financial stability, has focused "on enhancing the value of the territory and increasing support for families and institutions in the municipality," he emphasized.

The 2024 performance ranking, compiled in the Municipal Financial Yearbook and presented today in Porto, was prepared by the Center for Research in Accounting and Taxation of the Polytechnic Institute of Cávado and Ave (CICF/IPCA) with the support of the Order of Certified Accountants (OCC) and the Court of Auditors (TdC).

According to the document, only 86 municipalities (13 large, 27 medium, and 46 small) achieved a level of financial effectiveness and efficiency considered satisfactory.

The Financial Yearbook rankings are 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 current liabilities in assets, liabilities per capita, financial coverage ratio of expenses incurred in the fiscal year, average payment term, degree of execution of the effective jump, total debt index 2021, surplus index and direct taxes per capita.

Among the smaller municipalities, the ranking 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 top 100 municipalities, only 28% are small municipalities.

"It is observed that small municipalities are the ones that have the greatest difficulty in being included in the ranking of the 100 best municipalities, in terms of effectiveness and financial efficiency, a situation justified, essentially, by the low value of their own revenues, particularly those from taxes," the document reads.

Among the larger 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.

Among medium-sized cities, 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.

The mayor of Murtosa said today that the second place obtained in the ranking of the Municipal Financial Yearbook, in the category of small municipalities, "is a reflection of the rigor in the management" of the local authority.

In a statement to Lusa, Januário Cunha expressed his satisfaction with the position obtained by the Municipality of which he is president, having been re-elected in the municipal elections of October 12.

"This positioning naturally brings us satisfaction and reflects the rigor applied to the management of the Municipality of Murtosa," in the district of Aveiro, he stated.

Januário Cunha, who before becoming mayor was already a member of the Murtosa municipal executive in previous terms, emphasized that the ranking demonstrates that the Municipality "manages to honor its commitments and, simultaneously, achieve a high degree of investment completion."

The local authority, while safeguarding its financial stability, has focused "on enhancing the value of the territory and increasing support for families and institutions in the municipality," he emphasized.

The 2024 performance ranking, compiled in the Municipal Financial Yearbook and presented today in Porto, was prepared by the Center for Research in Accounting and Taxation of the Polytechnic Institute of Cávado and Ave (CICF/IPCA) with the support of the Order of Certified Accountants (OCC) and the Court of Auditors (TdC).

According to the document, only 86 municipalities (13 large, 27 medium, and 46 small) achieved a level of financial effectiveness and efficiency considered satisfactory.

The Financial Yearbook rankings are 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 current liabilities in assets, liabilities per capita, financial coverage ratio of expenses incurred in the fiscal year, average payment term, degree of execution of the effective jump, total debt index 2021, surplus index and direct taxes per capita.

Among the smaller municipalities, the ranking 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 top 100 municipalities, only 28% are small municipalities.

"It is observed that small municipalities are the ones that have the greatest difficulty in being included in the ranking of the 100 best municipalities, in terms of effectiveness and financial efficiency, a situation justified, essentially, by the low value of their own revenues, particularly those from taxes," the document reads.

Among the larger 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.

Among medium-sized cities, 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.

The mayor of Murtosa said today that the second place obtained in the ranking of the Municipal Financial Yearbook, in the category of small municipalities, "is a reflection of the rigor in the management" of the local authority.

In a statement to Lusa, Januário Cunha expressed his satisfaction with the position obtained by the Municipality of which he is president, having been re-elected in the municipal elections of October 12.

"This positioning naturally brings us satisfaction and reflects the rigor applied to the management of the Municipality of Murtosa," in the district of Aveiro, he stated.

Januário Cunha, who before becoming mayor was already a member of the Murtosa municipal executive in previous terms, emphasized that the ranking demonstrates that the Municipality "manages to honor its commitments and, simultaneously, achieve a high degree of investment completion."

The local authority, while safeguarding its financial stability, has focused "on enhancing the value of the territory and increasing support for families and institutions in the municipality," he emphasized.

The 2024 performance ranking, compiled in the Municipal Financial Yearbook and presented today in Porto, was prepared by the Center for Research in Accounting and Taxation of the Polytechnic Institute of Cávado and Ave (CICF/IPCA) with the support of the Order of Certified Accountants (OCC) and the Court of Auditors (TdC).

According to the document, only 86 municipalities (13 large, 27 medium, and 46 small) achieved a level of financial effectiveness and efficiency considered satisfactory.

The Financial Yearbook rankings are 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 current liabilities in assets, liabilities per capita, financial coverage ratio of expenses incurred in the fiscal year, average payment term, degree of execution of the effective jump, total debt index 2021, surplus index and direct taxes per capita.

Among the smaller municipalities, the ranking 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 top 100 municipalities, only 28% are small municipalities.

"It is observed that small municipalities are the ones that have the greatest difficulty in being included in the ranking of the 100 best municipalities, in terms of effectiveness and financial efficiency, a situation justified, essentially, by the low value of their own revenues, particularly those from taxes," the document reads.

Among the larger 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.

Among medium-sized cities, 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.