Finances

CMC APPROVES REPORT ON EXECUTING 1H2018 CHISINAU BUDGET

25 july, 2018

The Chisinau Municipal Council approved on Tuesday the report on fulfillment of the budget over the first quarter of the year.

The city treasury revenues accounted for 1.9 billion lei, one-half of which accounted for transfers from the state budget. Expenditures - 1.7 billion lei, most of which were directed to the education system (1 billion), as well as public transport and communication ways (235.3 million), as well as social protection (208 million).

According to Director of the CMC Finance Department Olga Ursu, who presented the report, one of negative factors is the debts for the previously taken credits - 321.8 million lei.

"These are 191.3 million lei to the European Investment Bank (EIB) for projects for rehabilitation of roads and public transport; 42 million lei - to the International Finance Corporation for the reconstruction of the water supply system; 65.5 million lei to the European Bank for Reconstruction and Development for the project of rehabilitating central streets and the street lighting system; 17.4 million lei - to the EBRD "Green Energy" Fund and 5 million lei - to the Mobiasbanca", she said.

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