Vlissingen is almost bankrupt: the municipality has the least money to spend in the entire country

Vlissingen is almost bankrupt: the municipality has the least money to spend in the entire country
Vlissingen is almost bankrupt: the municipality has the least money to spend in the entire country
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In the list of municipalities where equity is compared to population, Vlissingen is at the bottom. The municipality has more than 5.7 million euros in equity, which equates to an amount of 127 euros per resident. It also does not mean that Vlissingen has all that money to spend immediately, because this also includes the earmarked reserve, so that money already has a destination. On average, all municipalities have more than 115 million euros in equity.

The average solvency, the ratio between equity and debt, of municipalities is almost 38.9 percent. A percentage that Vlissingen will be jealous of, because Vlissingen is also at the bottom of that list with a solvency of 3 percent.

For the time being, Vlissingen will remain jealous of the financial situation of several other municipalities. Since 2016, Vlissingen has been an Article 12 municipality, a status granted to municipalities that are so deeply in debt that they can no longer get out of it themselves. The municipality is not expected to stand on its own two feet before 2029.

The article is in Dutch

Netherlands

Tags: Vlissingen bankrupt municipality money spend entire country

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