“Revenues were CZK 50.3 million and expenditures CZK 42 billion. The management of city districts also ended up in surplus. In the first half of the year, the city also reduced its debt, “said Deputy Mayor Pavel Vyhnánek.
“Revenues are overcrowded by ten percent. Contrary to our expectations, the economy is developing better. We approached the preparation of the budget very conservatively, which again proved successful, “said Vyhnánek.
In the case of city districts, ie without counting the management of the municipality, their management ended with a surplus of 1.1 billion crowns. The revenues of the town halls were in the sum of 7.4 million crowns and the expenditures were 6.3 million crowns. From the investments, the town halls spent the most money on education.
The members of the committee also discussed the amount of Prague’s investments in the first half of the year. The city leadership often criticizes the opposition for drawing on investments. Compared to the past, however, according to Vyhnánek, it is now at a higher level in absolute numbers. “The result is marked by the fact that we have not inherited any major investment project, such as the construction of the Central Wastewater Treatment Plant, the metro or Blanka in history. It is composed of small investments, there is no multibillion-dollar investment, “he said. “It must be admitted, however, that we are still recording room for improvement there. I hope that we will witness another positive trend, “he added.
The municipality reduced its debt in the first half of the year by repaying more than five billion crowns to the European Investment Bank (EIB). The total debt of the city as at 31 June was CZK 13.1 million. “Which is exactly the number for the last 20 years or so. It’s a really historically low number, so we can say that we are ready for large investments in terms of low debt and the possibility of drawing loans on them, “said Vyhnánek.
At the end of last year, the representatives of the capital approved the budget of the capital as a whole with revenues of 79.1 million and expenditures of 89.15 billion crowns. During this year, revenues were increased to approximately 86.24 billion and expenditures to 101.62 billion as of June 30. The difference will cover Prague, among other things, from money from the state.