More income

The prevision is for an additional 180.9 million euros to be available, some 6.2% more than the current fiscal year, mainly from special contributions from the Spanish state, with deadweight loss and the Next Generation funds from the EU.

More social spending

Current expenditure is set to reach a record figure of 2,529.5 million euros (+3.8%), with growth in all ordinary budgetary items, plus two extraordinary ones: the new cleaning and waste collection contract, which grows by 32 million euros to reach 290.6 million, and transfers to the metropolitan transport authority to fund public transport, which will be 179.2 million euros, some 28.5 million more.

An additional 15 million euros in funding will go to the Municipal Institute for Social Services (IMSS), which will be able to continue to tackle the costs of covering Covid-19 with a budget of 203.4 million euros.

More investment

Overall investment is set to reach 903.1 million euros, which includes the 150 million to be invested through the Municipal Institute for Housing and Renovation (IMHAB) and Barcelona de Serveis Municipals (BSM). The priorities are the construction of more social housing, the transformation of public space to make it more pleasant and combat the climate emergency, and the transformation of the Olympic Port.

Municipal solvency and more permissive European criteria on municipal finances make it possible to safely increase debt by 100 million euros and run up deficit.