New Katowice budget comperable to 2012

Budget expenditures of the City of Katowice will exceed PLN 2 million for the second time in history. However, investments spending will not increase as it was in the previous years – the City Halls plans to spend approximately PLN 36 million less on investments in comparison to 2012.

At the same time, the next year’s budget deficit will be lower for PLN 22 million when compared to this year. According to a draft of the budget, Katowice plans to spend PLN 786 million on investments in 2013. The list of most expensive projects include the financing of works on the National Polish Radio Symphony Orchestra’s new seat (PLN 184,7 million), the International Convention Center (PLN 179,5) and the Market Sq. – Roundabout redevelopment (PLN 146,5).

The modernization of “Spodek” and “Pałac Młodzieży” will cost PLN 12,4 and PLN 14,18 million respectively. To continue the development of the cultural district’s new road system, the City Hall is going to spend PLN 48,85 million.

In 2013, the total income will amount to almost PLN 1,612 billion, the total expenditures will be at around PLN 2,09 billion. The budget deficit will exceed PLN 479,3 million. The City of Katowice will partially cover the deficit from bank loans of the European Investment Bank (EIB) – PLN 157,2 million and the Council of Europe Development Bank (CEB) – PLN 72,6 million.

The budget resolution has to be adopted by the City Council to enter into force.