Monday, October 15, 2012

Amsterdam Municipality Hid Deficit of Over Half a Billion Euro

The daily Telegraaf  quotes a blog which claims that the Amsterdam Municipality mismanaged its budget between 2005-2007. In 2005 already 600 million Euro were spent in a way which was irregular. Much money was paid to cover deficits in the budget of the North-South Metroline, others were spent on unjustified social payments. The municipality masked this mismanagement in its published account.

No comments: