Faro Câmara is set to receive more than €20 million from the government’s Local Economy Support Programme (PAEL).
The government has approved a total of €21.4 million to help Faro Câmara put part of its public accounts in order. The PAEL is a tool created by the government to help financially strangled municipalities pay short-term debt.
Faro Câmara’s global debt totals €90 million, while its short-term debt is around €32 million.
