Belgrade Assembly: Budget Rebalance and a Jaw-Dropping 15 Billion Dinar Loan!
Ready for another political spectacle in the Belgrade Assembly? Today, councilors approved the 2025 budget rebalance, including a staggering 15 BILLION dinar loan from commercial banks! Yes, you read that right – 15 billion dinars for capital investments.
Where’s the money going?
The total budget for the city and city municipalities now amounts to billions of dinars, with 83.7% allocated to the city budget and 16.2% to the municipalities. Councilors also approved a 35 million euro loan from the European Bank for Reconstruction and Development to finance the construction of the sewage system in Palilula.
Public companies feeling the heat
The rebalance didn’t spare public utility companies either. Changes in business plans and procurement affected city companies like City Cleanliness, GSP (public transport), Belgrade Markets, Infostan, Parking Service, and others. All to adjust to new investment plans.
Political drama and controversies
Assembly President Nikola Nikodijević informed councilors that the Serbian Progressive Party will now have one less councilor, as Dobrislav Marić will act as an independent councilor. The opposition tried to add extra agenda items, like repealing a building permit for a project on Paris Commune Street, but these proposals were rejected.
Why does this matter?
This rebalance and loan aren’t just numbers on paper. These decisions will shape Belgrade’s future – from sewage to public transport and urban development. With a 15 billion dinar debt, the question is how this will affect citizens and their wallets. Will the investments bring progress or just more burden?
Conclusion
Today, the Belgrade Assembly showed it’s ready to borrow like never before. Is this a bold step towards development or a risky game with public money? You decide! And if you have a witty take or a joke about these million-dollar loans, feel free to drop it in the comments – because this story is far from over!
