From Iceland — Municipal Government To Spend 500 Million To Create 150 Jobs

Municipal Government To Spend 500 Million To Create 150 Jobs

Published July 6, 2010

Reykjavík’s municipal government recommends spending 500 million on city development projects in addition to the 150 million that has already been approved for this year, according
The coalition government claims this new budget will strengthen the city‘s economy. Mayor Jón Gnarr was scheduled to present the proposal at the city council meetings over the weekend but the meeting was postponed to today. Some of the development projects that will be undertaken include bicycle and walking paths, playgrounds, maintenance for city-owned elementary schools and kindergartens. These projects are supposed to create 150 jobs by the end of the year.
Dagur B. Eggertsson, chairman of the Social-Democratic Alliance and leader of the unemployment programmw, says that although the campaign is financed through public funding he considers it justified in order to combat persistent unemployment.   

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