Lisbon with €1.3Bn for 2023

Lisbon City Council’s Municipal Budget 2023 will see revenues of €1.305Bn, but expenditure of the same magnitude.

The budget document also foresees €455 million in investment in a series of spending measures from housing support, investment in transport, health plans for the elderly, and more expenditure on sustainability and entrepreneurialism.

Among the amounts announced are:

€7.4 million for the Social Emergency Fund;
€4 million to help the homeless;
€1.6 million for Health Plan 65+;
€122 million for housing (including €4.5 million to provide IMT property tax exemption for the under 35s;
A 3.5% refund on IRS for Lisboners;
€30 million for new creches and schools;
€10.5 million for new health centres;
€3 million to create 29 ‘Gira’ bicycle stations with 1,000 bicycles;
€17 million for EMEL Park and Ride projects beyond the city centre zones;
€60 million to expand the tram network
€109 million to renovate the Carris fleet of buses;
€15.8 million for free travel passes for the elderly and students to 23;
€134 million to construct tunnels for the General Lisbon Drainage Plan;
€45 million for various cultural initiatives and infrastructures;
€68 million for urban hygiene (street cleaning and rubbish collection among other things) — hiring 200 new employee and 18 vehicles;
€7.3 million CCTV cameras;
€3.3 million for firefighting vehicles;
Contacting 50 municipal police agents and 75 firefighters;
€37 million for Hub Azul at Pedrouçoes Docks – a “space for companies linked to the sea and maritime and biotechnology research”;
€2 million for the Unicorns Factory.

*The Mayor of Lisbon, Carlos Moedas spoke about his first year as mayor at the city hall on Tuesday where he addressed members of the American Club of Lisbon and pointed to his plans and vision for the future of the city. Read full article in the Essential Business Newsletter on Monday.

Photo: Joaquim Morgado