In 2017, Sofia to Develop as Green Innovative City as Before
Friday, 27 January 2017
Presenting the capital's draft budget for 2017, Sofia Mayor Yordanka Fandakova said there was more to it than revenues and expenditures. "It is a choice of financial policy with very clear objectives for development and change, which will bring about the vision we have promised to the residents - to develop Sofia as a green, innovative city," the Mayor said.
The Sofia Municipal Council adopted the budget by a vote of 45-10, with two abstentions. The councillors of GERB and the Patriots for Sofia and part of the Reformist Bloc voted in favour. All seven councillors of the BSP-Left Bulgaria, two of the Serdica Coalition and one Reformist Bloc member voted against. One Reformist Bloc member and one councillor from Group5 abstained.
Fandakova said that the budget amounts to 1,328 million leva, over 60 million leva more than in 2016. At 435 million leva the capital expenditure programme has increased by 35 million leva from 2016. Financing under operational programmes stands at 275 million leva, up from 195 million leva last year. Early into the new programming period 2014-2020, the City Hall justified a more than double increase in investments from the previous period.