site.btaSofia Municipality Collects Lv 348 Mln Revenues in First Half of 2016

Sofia Municipality Collects Lv 348 Mln Revenues in First Half of 2016

Sofia, July 5 (BTA) - Sofia Municipality collected 347.7 million leva revenues in the first half of this year, according to preliminary figures on the 2016 budget implementation, released by City Hall in a press release on Tuesday.

The own revenues for January-June 2016 were 39.6 million leva more than for the same period last year.

Tax revenues amounted to 161.2 million leva, or 60.1 per cent of the annual target. The sum was 7.6 million leva more than for the first half of 2015.

The tax on onerous acquisition of immovable properties continues to generate substantial revenues. It contributed 44.9 million leva to the municipal budget in January-June 2016, up 7.4 million leva, year on year. "These figures are an optimistic indication of the real estate market in the city," the press release comments.

The various types of local fees yielded a revenue of 186.5 million leva, 31.9 million more than last year. The compliance rate for the household waste fee is good: at 115 million leva, the revenue it generated exceeded last year's level by 10.5 million leva.

Revenues from fees for technical services also tend steadily upwards. The bulk came from the granting of building permits, which brought in 3.8 million leva by the end of the period.