Istanbul gets record budget for 2012, transport funds leading

A record consolidated budget of 19.45 billion Turkish Liras has been allocated to the Istanbul Metropolitan Municipality for 2012, a figure that exceeds budgets for 18 Turkish ministries.
The Istanbul municipality’s consolidated budget for next year will thus increase by 7.7 percent compared to 2011.

The budget allocated to the Istanbul Metropolitan Municipality (İBB) in 2012 will be 0.7 percent higher compared to the 2011 budget, amounting 7.3 billion liras. Meanwhile, the budget for the Istanbul Waterworks Authority (İSKİ) totals 3.28 billion liras, 1.83 billion liras for the Istanbul Public Transport Authority (İETT) and the budget for firms connected to the İBB will be 7.38 billion liras in 2012.

Allocation to investments amounts to 8.4 billion liras (41.35 percent) of the total budget. Funds allocated for investments to the metropolitan municipality total more than 4.88 billion, to İSKİ about 1.5 billion, to İETT about 540 million liras and 1.14 billion liras to firms attached to the İBB.


/Hurriyet Daily News/