Budapest has blocked HUF 65 billion in resources, stalling the renovation of roads, squares, buildings, and trams, writes 24.hu.
Renovations and developments of squares and roads may be indefinitely postponed in the capital after the Budapest Municipality blocked HUF 65 billion in June due to tax revenue losses and deductions.
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The lock lasts until the 15th of October, at which point a general meeting will be held to decide where the resources should be spent.
Ambrus Kiss, Deputy Mayor for the Budget, said he did not dare say that the deficit around HUF 60 billion would be the worst case scenario.
The list also includes the intended amount for the renovation of the Chain Bridge, a total of HUF 11.8 billion.
The list of blocked renovation projects includes:
Featured photo illustration via Gergely Karácsony’s Facebook page.