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Minister of State Serge Telle and Jean Castellini, Minister of Finance and Economy, have presented an outline of the 2018 Budget, describing it as a “budget of achievements.”
The rebalancing approach initiated in 2011 is continuing with a surplus of revenue expected of €2.9 million in 2018.
With a 0.6 percent increase in revenues compared to 2017 and a reasonable increase in spending of 0.9 percent, the draft 2018 budget is “both a budget achievements and of ambitions for the future”, according to the Minister of State.
Housing for Monegasques has made advances with the Engelin and U Pavayùn projects, the rehabilitation of the Jardins d’Apolline and reinforcement of digital security, and that of the financial sector. Furthermore, there’s been consolidation of the social model in terms of the preservation of public service pensions, health policy, sports and cultural policy.
Future projects include the launch of major urban works (the renovation of Stade Louis II, for example), the restructuring of the Fontvieille shopping centre, the Larvotto development and the installation of Jardin Exotique-Rocher gondolas.
In addition, energy transition will continue in order to further sustainable development and protection of the environment. Discussions with Europe will continue under the conditions set by the Prince Albert, and an increase in assistance in official development and investments in Monaco Explorations.
Tuesday marks the next phase in the easing of restrictions in France, offering people a glimmer of hope for summer.
The oral exam for the baccalaureate in Monaco is cancelled this academic year and third trimester will not count towards final results, in line with a decision by France’s education department.
Since the strictest of the lockdown rules were lifted in early May, the Grimaldi Forum team has been hard at work to make the venue a safe and welcoming place for the public when events start back in autumn.
National Council President Stéphane Valeri has visited the Grimaldi Forum to thank the team behind the screening campaign, while also encouraging more people to take the Covid-19 antibody test.