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Prague increases budget spending
The City Council has found more money for infrastructure and repair projects
“Prague benefits from a favorable economic situation and high income. The level of investments shows that we will not spend these revenues on current expenses but invest them in the future for all Prague citizens,” Prague Mayor Pavel Vyhnánek (Praha Sobě), responsible for finance and budget, said on the City Hall website.
The budget was discussed by the City Council. at the end of November, when it announced that it would decide on investments in February. According to the budget approved in December by the city had Kč 18.2 billion to spend on investments, but the city managed to increase by another Kč 1.2 billion. The Council's proposal will still have to be approved by the City Assembly later this month.
“Over the past few years, spending has grown significantly. Going through the expenses and finding places where the money of the Prague people is evaporating is a challenge for several years,” Vyhnánek said.
“But we have already managed to find Kč 1.2 billion across the entire budget, so we have been able to raise the key amount of investment. For example, we plan to reduce the running costs of City Hall by Kč 90 million,” he added.
More than Kč 200 million have been reduced from the profit of the Prague Public Transit Company and another Kč 500 million has been reduced from its reserve.
“This intervention is by no means a reduction in investment in passenger comfort. This is money that was left in the past in accounts or wasted by the political players who controlled the transit company. In agreement with the new CEO, who is not affiliated with any political party, we have agreed to reduce these costs as first aid for avoiding further waste,” Deputy Mayor Adam
The largest share of investment expenditures will be spent on transport, some Kč 5 billion to 7 billion. This will go toward the construction of the Metro D line, the purchase of land for the Prague Ring Road (Pražský
The city will invest Kč 1.9 billion in its property. “There is a huge deficit in this area. As managers, we have to take care of what Prague has entrusted to us, and not to let other buildings or urban dwellings decay such as jewels like the Prague Marketplace (Pražská tržnice). This is now a shamelessly neglected, yet protected monument, from which we want to gradually re-create a place where the Praguers will be proud and will love to go for shopping and leisure,” Vyhnánek said.
The city plans to invest Kč 100 million this year to restore the Prague Market. Some Kč 199 million will go into revitalizing the waterfront, Kč 155 million will be used to restore public lighting, and Kč 46 million will go to the renovation of residential buildings.
In the area of safety, the city will invest Kč 646 million in fire brigade buildings, an air ambulance base
More than 2.5 billion the places such as the Prague Zoo, Petřínské
Over Kč 1.4 billion will go to investments in education, youth
Culture and tourism will receive Kč 558 million. Of this, some Kč 245 million is intended for the exhibition grounds at Výstaviště and Kč 131 million for the reconstruction of Šlechtova
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