The city of Levallois would like to get rid of this label, especially since it no longer quite corresponds to reality. Hauts-de-Seine, long called “the most indebted city in France”, has halved its debt in ten years, from €590 million in 2014 to €286 million on 1 January 2024. red zone”, with the possibility of debt reduction currently less than eleven years, that is, below the alarm threshold set by the state at twelve years, even if the debt per capita (4,252 euros) remains high.
The rest after this announcement
The stated goal is now to reduce debt by an average of €10 million each year. But also continue to invest and therefore borrow as little as possible while maintaining services without raising council rates or taxes (too much). To achieve this, the city decided to innovate through short-term and reliable financial investments.
Source: Le Parisien
I am John Casanova. I am an author at 24 news recorder and mostly cover economy news. I have a great interest in the stock market and have been writing about it for many years. I am also interested in real estate and have written several articles on the subject. I am a very experienced investor and have a lot of knowledge to share with others.
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