Budget, Financial Services, Latvia, Transport
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Tuesday, 23.04.2024, 21:51
Liabilities of Rigas Satiksme municipal transport company exceed 200 mln euros
The Riga City Council’s financial expert assumes that also next year the
company might need subsidies of the same amounts. At the same time, the
company’s liabilities have exceeded 200 mln euros and keep growing.
The Riga City Council has allocated 122.7 mln euros in subsidies, while
the rest of the sum has been earmarked from the state.
The Riga City Council on Wednesday decided to allocated additional 24.4 mln
euros to Rigas Satiksme, including 22.5
mln euros from the municipal budget, and 1.9 mln euros from the state budget.
Opposition lawmakers criticized the plan non additional subsidies.
Riga City Mayor Nils Usakovs (Harmony)
informed that less than 20% of Riga residents use public transport, paying full
ticket, all others are using discounts. “The company not only ensures the
social function, but also mobility. The company is working well and may not go
bankrupt,” the mayer said, adding that subsidies help to ensure that pensioners
and other social groups may use the public transport free of charge.
The opposition lawmakers proposed an audit of Rigas Satiksme before any additional allocations are made because
the company is sustaining losses and they keep growing, but the Riga City
Council rejected this proposal.