Coronavirus pares away Bratislava’s budget

The city prepares for a drop in revenue.

Bratislava Castle seen from the Hodzovo Square in front of the Presidential Palace. Bratislava Castle seen from the Hodzovo Square in front of the Presidential Palace. (Source: SITA)

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.

Related articleBratislava adopts additional anti-coronavirus measures Read more 

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.

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