Representatives of Prague 4 approved the budget for next year
Prague City Hall 4 on Budějovicka. Photo: archive
Next year, Prague 4 will generate revenues of 839.85 million crowns and spend 1.13 billion crowns. The difference will be covered from the management surplus. 332 million crowns are earmarked for the investment. The city district councilors approved the draft budget on Friday. Jiří Bigas, the spokesperson of the town hall, informed about it. For this year, at the end of last year, the representatives approved a budget with revenues of 781.79 million and will spend 1.12 billion.
“The budget we have approved is able to ensure full support for the conditions of everyday life in our district, even at extremely high prices,” said Mayor Ondřej Kubín (ODS), who is responsible for the district’s finances. “Our priorities are mainly the provision of education, the social sphere, support for sports and care for the environment,” he continued.
The budget of the fourth part for 2023, as in the previous year, is set in such a way that the involvement of the district’s own resources is balanced. Incomes are proposed conservatively at 839 million crowns and expenses at 1 billion and 134 million crowns. The difference is covered by the district’s own funds from this year.
“The budget is balanced in terms of financial use and continues the responsible financial policy of Prague 4,” added Mayor Kubín.
According to him, during the processing of the expenditure side of the draft budget, the principle that the Prague 4 district has been applying for several years was maintained, i.e. that current (operating) expenses are covered by the budget income of the given year and the saving of operating funds of the previous year. The source of operating expenses is not the means of economic activity, they are intended for capital expenses.
Current (operating) expenses: 801 million crowns
Capital (investment) expenditures: 332 million crowns
Source: City Hall Prague 4
The City Hall also created several budgetary reserves in the budget. One of them is, for example, a reserve of five million for unforeseen events, one million is set aside for subsidies or a reserve of 12.7 million for energy. “(Prices) are unpredictable given the outlook, so we are trying to set aside enough funds within the reserve,” said Kubín.