Nearly BGN 1.5 Billion is the Budget of Sofia for 2018

Politics » DOMESTIC | December 8, 2017, Friday // 13:30| Views: | Comments: 0
  • Send to Kindle
Bulgaria: Nearly BGN 1.5 Billion is the Budget of Sofia for 2018 Source: Pixabay

BGN 1,433 billion is the size of the municipality's budget for 2018. This was announced at a press conference by Mayor of Sofia Municipality, Yordanka Fandakova, who presented the draft budget of the municipality for 2018, BNT reported.

"We plan to raise about 600 million leva next year, the trend is a steady growth of our own revenues, from 2012 to 2016 we have provided BGN 151 mln more without changing the amount of local taxes and fees" "Fandakova said, adding that the economy and business in the city are also developing.

"The size of the budget of the municipality is due to many funds that are provided for activities, salaries of teachers, doctors and social workers, and there are also increases of the state funds for these directions," Fandakova said. She added that the Municipality's own revenues are BGN 654 million, of which the income from the basic tax - on real estate is 103 million leva. With this amount the activities of the Municipality are provided.

Domestic » Be a reporter: Write and send your article
Tags: sofia, municipality, budget, 2018
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (0)
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