Budapest council approves 2013 budget figures
Budapest municipal council representatives on Tuesday approved the capital's main 2013 budget figures showing expenditures of HUF 324.3 billion and a deficit of HUF 64 bln. The city will finance HUF 41.4 bln of the deficit from residual monies. It will borrow another HUF 30.2 bln to refinance long-term development loans, but use HUF 7.5 bln to pay back principal on existing loans. The budged was approved with a vote of 18 ayes, by members of governing Fidesz-KDNP and 16 nays by opposition representatives.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.