Filipe Garcia
Cavaco Silva enacted legislation yesterday Support Fund and four municipal authorities have already started to negotiate emergency support for basic services.
Between now and November 30 municipalities may resort to emergency line provided for under the Municipal Support Fund, enacted legislation that Cavaco Silva yesterday, and that will serve to prevent entry in default of the most indebted chambers. Four municipalities have already started negotiations with the Executive to expedite the process. In total, the central coffers may have to anticipate a budget of around EUR 40 million. In total, Municipal Support Fund (FAM) will reach 650 million euros, but this, which should use at least 19 municipalities, should only start next year.
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