Capital structure for 2010

The City Hall presented an initial capital structure for 2010. The budget income is estimated for PLN 1 bln 291 million. It is more for about PLN 19 mln in comparison with 2009. A deficit amount is predicted at level of approx. PLN 280 mln. To sustain a reliability for banks and investors, the City plans to save a budget surplus which reach PLN 95 mln (in the record-breaking 2007 it was PLN 290 mln).

To minimalize the economy downturn and its impact for the City, is planned to limit the current administrative expenses and to invest. In this last case, Katowice will be supported by PLN 500 mln bank loan from the European Investment Bank. The amount is going to be spared for expenditures connected with the City Center redevelopment and projects of the National Polish Radio Symphony Orchestra and the International Convention Center. In 2010, the City is planning to spend PLN 550 mln for the investments. About PLN 26 mln will be granted by the European Union.