San Giorgio a Cremano faces severe financial tension

The municipality of San Giorgio a Cremano is facing significant financial tension, according to an analysis of its financial statements. The administration reports a liquidity crisis, with available cash for 2025 estimated at approximately 741,077 euros against annual payments exceeding 70 million euros.

To manage this gap, the municipality has increasingly relied on treasury advances, which rose to over 33.7 million euros in 2025, up from 22 million in 2023 and 31 million in 2024. Additionally, the municipality faces approximately 8.9 million euros in unpaid current expenses and 31 million euros in passive residues, which may lead to increased litigation with suppliers.

On the revenue side, the municipality holds approximately 66 million euros in active residues. Due to the risk of non-collection, it has set aside over 37 million euros in the Fund for Doubtful Debts (FCDE), highlighting a substantial gap between accounted income and actual cash flow.