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Barcelos City Council Denies Debt of 59 Million and Affirms "Good Financial Health"
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The Barcelos City Council issued a statement this Wednesday to respond to “news that has been coming to light” about an “alleged debt” of 59 million euros of the municipality and rejected the veracity of these figures, stressing its “good financial health”. In the press release, it clarifies that the municipality contracted a bank loan of R$ 25 million in 2023 and, in 2025, approved another with the same value. The first one arose to “fulfill t…
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