BGN 40 M EARMARKED FOR MUNICIPAL LIABILITIES UNDER DRAFT

Business | August 8, 2002, Thursday // 00:00

The Cabinet will release additional BGN 40 M for settling outstanding liabilities of municipalities, under a draft regulation on the additional funds earmarked for municipal budgets, to be discussed by the Cabinet at its session today. The decision comes in the wake of the Program for gradual reduction and liquidation of the municipalities' outstanding liabilities 2002, signed by Finance Minister Velchev and the National Association of Municipalities in the Republic of Bulgaria (NAMRB). The additional funding will total BGN 40,3 M, BGN 13,3 of them are planned for compensations of people with no insurance payments under the State Budget Act for 2002. Another BGN 27 M will be used for settling the debts incurred till the end of 2001.
Business » Be a reporter: Write and send your article

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria