The Court of Auditors has approved Faro council’s application to borrow more money. Faro wanted €20 million to start to repay the mountain of invoices that it has accumulated over the years under the management of former mayor, Macario Correia, some 7,000 of them.
The approval of the €16.7brings welcome relief to the council’s finances which appear to have been handled with a degree of carelessness.