Prague’s debt drops to CZK 18.7 bn after EIB loan payment

The Czech capital’s debt stood at 18.7 billion crowns as of June 30, down 1 billion crowns in annual terms, following repayment of loans from the European Investment Bank (EIB).

Deputy Mayor Pavel Vyhnánek (Prague Sobě) said the capital has an approved budget for this year with revenues of 60.7 billion crowns and expenditures of 81.6 billion crowns.

The volume of Prague’s liabilities to the EIB is 8.61 billion crowns and the annual amount of depreciation for 2020 and 2021 is about 0.763 billion, Vyhnánek said. The remaining debt consists of bonds, which amounted to 10.08 billion as of June 30.