The 2018 budget of Sofia Municipality is BGN 1 433 billion, exceeding last year’s budget by almost BGN 105 million. The increase is possible due to economic growth of the capital (40% of the country’s GDP) and the improved taxes and fees revenue collection in recent years. In 2018 Sofia municipality expects revenues to reach BGN 654 million.
Sofia municipality’s main projects and priorities in the budget for 2018 are:
The priority projects of Sofia municipality also include competitions for adaptation in urban environment and renovation of Sveta Nedelya square, the area around the National Palace of Culture, where the 1300 years of Bulgaria monument was situated, and Zone 3 of the central city district. Funds for the renovation of other parts of Sofia Zoo are also planned.
The amount of the investment program is nearly BGN 384 million, mainly from projects prepared and approved by the municipality for European funding.