Prague City Hall approves 2015 budget


Prague City Hall has approved its 2015 budget with expenditures projected at 56.3 billion crowns and revenues of 42.1 billion. The difference will be covered by state funds. The lion’s share of expenditures will be used for transport, which includes the construction of the Blanka tunnel expected to open in about two months’ time, the reconstruction of two Prague bridges and general road maintenance. This year’s budget includes a brand new chapter –expenditures relating to the development of social housing. Up until now City Hall operated on a provisional budget.