25.7 C
August 3, 2021

Bucharest 2010 budget surplus of RON 164 M

Bucharest’s 2010 budget registered a surplus of RON 164.6 M, while spending dropped RON 292.3 M, to RON 3.25 bln, from an estimated RON 3.54 bln. Also, revenues were down RON 127.9 M, to RON 3.41 bln, from RON 3.54 bln. According to Realitatea.net, the sums appear in a draft resolution of the General Council of the Bucharest Municipality over the municipality’s last fiscal year, up for vote in tomorrow’s session. Foreign loans too were underused. Of the RON 1.01 bln worth of foreign financing borrowed, only RON 706 M were spent. Among the unspent funds, RON 106.9 M, housing and public development department, and RON 92.3 M, schools. Of the RON 5.4 M allotted for building consolidations from the 2010 budget, only RON 2.9 M were spent. The debt quantum however is on the up, with current debts totalling RON 1.027 bln, of which RON 918.1 M owed to the state and social security budget, and RON 109 M, commercial debts.

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