Bratislava city council has adjusted its €450 million budget in response to the impact of the COVID-19 virus pandemic. It has reduced or bound expenditures by almost €36 million. City councillors approved the changes at their session on April 30.
“We have approached the reduction and binding of budgetary expenditures in a relatively radical way,” said Bratislava Mayor Matúš Vallo, as cited by the TASR newswire.
The changes include a reduction of the current budget by roughly €12 million, cuts in investments of €13 million, reduction of a planned loan from the European Central Bank from €20 million to €12.5 million and binding current expenditures of around of €11 million.
4. May 2020 at 10:55 | Compiled by Spectator staff