Prague budget approved

17-02-2011

Representatives of Prague City Hall have, after four hours of discussions, approved a 52-million budget for the city. The city has had a provisional budget until now. In the coming year, Prague anticipates income of 37.4 billion and expenses of 46.4 billion, with the difference to be paid through income from the state, savings from previous years and unused money from 2010. A debt of 5.8 billion for which the city is issuing bonds will also be repaid. Mayor Bohuslav Svoboda said that the budget was the best possible compromise. Last year’s budget was 50.3 billion.