Budget 2018 Provides More Money for Bulgarian Municipalities

Budget 2018 Provides More Money for Bulgarian Municipalities

The state subsidies for the Bulgarian municipalities for 2018 amount to 3.264 billion leva. This is by 382.7 million leva more than the planned subsidies for 2017, reads the draft budget for 2018, which has been submitted for public discussion by the Ministry of Finance.
Thus, the mayors are going to have more money to finance projects of local importance, such as renovation and rehabilitation of school buildings, kindergartens and daycare homes, as well as for repair and maintenance roads and street lamps.
In addition, the revenues from local taxes are expected to increase – housing, automobile and domestic waste taxes are set to go up in 2018.

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