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Riga City Council adopts budget amendments, increasing expenditure to EUR 1 billion
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    Riga City Council adopts budget amendments, increasing expenditure to EUR 1 billion

    RIGA, Nov 7 (LETA) – After five-year long meeting today, with the opposition voting against it, the Riga City Council adopted budget amendments fr this year, increasing expenditures to EUR 1.023 billion.

    During discussion 18 proposals submitted by the opposition lawmakers were rejected.

    This year, municipal institutions and enterprises had requested EUR 25.65 million worth of extra allocations, but the Riga City Council financial department only agreed to grant EUR 24.75 million of this amount.

    Although property tax revenues have dropped EUR 2.4 million this year, the local government’s revenues have grown by EUR 15.28 million to EUR 923.69 million, while budget expenditures have totaled EUR 1.023 billion.

    According to the municipal budget approved in the spring of 2018, the local government’s expenditures were planned at EUR 998 million and revenues at EUR 908 million.

    By combining the state and municipal funds, the biggest additional financing or EUR 12.15 million will go to the education, culture and sports department. The financial department has been allocated additional EUR 9.73 million, the property department – EUR 617,136, the transport department – EUR 574,275, the welfare department – EUR 357,925, the housing and environment department – EUR 52,928.

    Also several municipal institutions will receive additional financing.

    • Published: 07.11.2018 18:04
    • LETA
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