Financial Services, Latvia
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Thursday, 25.04.2024, 20:54
Riga City Council looking for ways to save EUR 20 mln in next year's municipal budget
The mayor explained that work on the municipal budget has
just begun, and that all figures and guidelines have been sent to the
departments.
"These 20 mln euros are needed for us to have a zero
budget deficit and avoid cutting salaries," the politician said.
According to Stakis, it will now be assessed what can be
postponed, what is unnecessary, as well as inefficient spending.
For example, savings can be seen on the side of the
municipal public transportatiomn company Rigas Satiksme - both in
relation to e-ticket system, "which was inflated and expensive", and
on the "inflated subsidies for minibuses."
However, some savings were found in each department and
Stakis admitted that some decisions could also be unpopular.
"We are going through every position right now and
looking at what we can do. This does not mean that we will not increase funding
for anything," said Stakis, adding that the priorities are social workers,
education and pre-schools, infrastructure projects, where funding will be
increased.
As reported, the Finance Ministry has proposed to change the
distribution of personal income tax between the state and local government
budget. At present local governments receive 80% of personal income tax, while
the remaining 20% are paid into the state budget. The Finance Ministry has
proposed to change this distribution ratio to 75% and 25%.
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