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  • Introduction
  • About Vysočina
  • Regional Government
  • Financial Management
  • the Councillor’s word
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  • The Vysočina Fund
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  • The Regional Authority

    • FINANCIAL MANAGEMENT

    In 2006, like in the years before, the Vysočina Region’s revenues from the budget exceeded its expenditures. Both the revenues and expenditures of regions keep growing along with the Regions’ factual competences. In 2006, the revenues of Vysočina amounted to CZK 7,863 billion and expenditures to CZK 7,611 billion.

    ikona graf Graph – Development of the Region’s budget in 2001–2006 (CZK)

    In September 2006, the Region drew down the first part (tranche) of the loan from the European Investment Bank in the amount of CZK 150 million. The loan is subject to a variable interest rate, and the Region pays the interest semi-annually, always by March 15 and September 15. Repayment of the principal portion of the loan will begin on September 15, 2008, in the form of equal payments, payable semi-annually, until September 15, 2028. The maturity period of the principal portion of the loan is 20 years. The Region will draw down the second tranche of the loan, in the amount of CZK 350 million, in 2007.

    With a total amount of CZK 500 million, this is the first large loan in Vysočina’s history. The funds are designated to reparation of the Region’s roads, exclusively.

    ikona graf Graph – Structure of Vysočina‘s revenues in 2006, in CZK mio (total revenues CZK 6,989 mio)

    ikona graf Graph – Structure of Vysočina Region’s Expenditures in 2006, in CZK mio