Prague city council ups spending target to over 70 billion for 2018

Prague City Council set its budget for 2018 on Thursday. It counts on spending for the year of 70.3 billion crowns and income of just over 54 billion crowns.

Investments should come to 16.8 billion. Most of the gap between incoming and outgoing should be covered from the city’s own reserves and state grants. This year the capital had target spending of 62.2 billion crowns.