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Budapest to work off stringent budget

Budapest will have a very strict and austere budget in 2011 to compensate for a gap that could reach HUF 100 billion, deputy mayor István György told online portal Hírszerző in an interview.

 

The 2011 budget has to be presented by February 15. The current concept does not contain any tramway reconstruction and also gives HUF 500 million less for public park maintenance than in 2010, but these cost-cutting decisions should be reconsidered, György said.

 

Regarding long-term strategies, György said that after that the current public utility contracts would expire in twelve years, Budapest plans to exclude foreign investors from waterworks while keeping them involved in the gas system. (BBJ)