Already 35 million of funds for local government

European Bank for Reconstruction and Development (EBRD) will provide another 35 million of the Fund for local authorities in Bulgaria (FLAG), said the Government Information Service.

Government endorsed the amendments to the resignation letter to support the project infrastructure project of the flags that are associated with the signing of the second loan agreement.
On December 22 last year was signed the first agreement, which is also 35 million.
The funds used for lending to local government bodies and local utility companies to apply for grants from the programs of the EU Structural and Cohesion Funds.
Meanwhile, the Executive Director of the National Association of Municipalities Ginka Chavdarova said in an interview before the Focus agency that every subsequent month, a sharp deterioration in the revenue budgets of municipalities.
Seriously reduce the revenues from taxes and fees from the sale of municipal property fee for administrative and technical services. This means that some municipalities will have to collapse the costs if they offer assistance.
50 municipalities are now able to adopt programs to remedy the structural deficit Chavdarova states. She also urged the municipal structures prepare realistic budgets for 2010.

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Finance