Plovdiv starts saving for crisis

Plovdiv Municipality to pass an economic regime. Sharply decreased revenue in the budget from the sale of immovable property and technical services. Announced that chief financial officer of the municipality Natalia Delcheva. To stop some of the capital costs. An antikrizisen plan, which will be presented to the month of the Municipal Council in the city.
Financial performance of the Plovdiv municipality for the first half of the year highlight the hole in the budget. Is still difficult to say what will be the size of the deficit, but sharply decreased revenue from real estate, said chief financial officer of the municipality Natalia Delcheva. To May 31 from the sale of municipal property in the Treasury there are only 500 000 euro from the planned EUR 15 million and no interest to the purchase of municipal housing, which is part of the general stagnation of the market in real estate. It is not pink and the situation in tax revenue, which has been only one third of the planned. So far from local taxes and fees are collected 11.5 million, and planned more than 32 million leva to deal with the financial crisis passes Plovdiv Municipality of economic regime. Will reduce capital costs. Financiers of the municipality prepared antikrizisna program that less than a month must be presented to the Municipal Council in the city.

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Finance

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