budget rebalancing

Belgrade City Assembly reviews 11.6 billion dinar budget deficit and plans major borrowing for infrastructure and communal projects

The Belgrade City Assembly is meeting, and among the agenda items is the city’s budget revision for this year, which shows a deficit of 11.6 billion dinars. The plan to cover this deficit and repay the principal of about 5 billion dinars involves borrowing 12.9 billion dinars and using 3.7 billion dinars of carried-over, unspent funds from previous years. The city intends to borrow approximately 11.6 billion dinars from domestic banks this year, with an additional 3.3 billion dinars planned…