The City of Katowice’s ratings reflect its sound budgetary performance, high liquidity position, strong self-financing capacity, low, albeit increasing, debt and strong debt coverage. The ratings also take into account the dynamic growth of opex, mainly due to the growing rigid spending, projected high capital expenditure of about PLN 2 billion by 2014
The City of Katowice is preparing a budget for the next year. Instead of a weaker economic situation in the country during last two years, Katowice will increase capital expenditures for investments in 2011 which will be higher for about PLN 120 million in comparison to 2010.
This year the capital expenditures are estimated at PLN 532 million. In 2011 Katowice will spent PLN 652 million for investments