The Hague’s finances in order
- 20 April 2017
- 25 April 2017
The Municipality of The Hague ended the 2016 book year with a surplus of € 57 million.
The windfall was due mainly to the fact that the municipality spent less on care and its youth policy than was budgeted. The costs for welfare benefits on the other hand were higher than expected.
This appeared from the annual accounts which Deputy Mayor Tom de Bruijn (Finance) presented on 18 April. The municipality spent a total of € 15.6 million less on care and well-being than budgeted and € 13 million less on youth welfare. The municipality also got a bonus because the Rotterdam The Hague Metropolitan Area took over the municipality’s role as the financial backer of The Hague’s public transportation company HTM.
According to Tom de Bruijn: 'The Hague is and will remain financially healthy. We will continue to invest in the city’s growth and there are enough financial reserves for unexpected setbacks. At the same time we are keeping the local tax rates low for residents.’