Rīga City Council to supersize budget deficit

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The Rīga City Council plans on increasing the city's 2016 budget deficit from €0.668m to €32.9m. That is a fiftyfold increase, reported LSM via LETA Thursday.

The amendments are to be reviewed Friday by the Council's Financial and Administrative Affairs Committee.

Under the new plan, revenues are to be increased by €1.3m and expenditures by €33.6m. The previous planned budget deficit for 2016, adapted last year, was less than €700,000.

The Latvian capital plans on spending the money for different things like police equipment and reconstructing schools. A bulk sum of €13m will go to the council's Education, Culture and Sports Department. 

Riga mayor Nils Usakovs said the matter was not serious and was simply an example of necessary book-keeping procedures.

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