The Charleroi Public Social Welfare Centre (PSWC) announced Monday that it plans to sell elements of its assets that are no longer in use or are being rented for very small amounts. The sales would happen over the next several years, as reported by the Belga News Agency.
The assets would include farm and agricultural land, buildings and the site of the former Civil Hospital in Charleroi. The hospital alone could bring in €2.5 million. In total, the sale of these assets is projected to amount to €4.7 million.
The institution wants to use these funds to balance the ordinary budget by 2026.
However, in order to do so, it will have to benefit from a derogation of the law signed by the Walloon Minister for Local Authorities since current rules state that these funds would have to go toward repaying loans.
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The budget situation is particularly delicate because of the increase in staff and transfer costs. These struggles are experienced similarly across public social welfare centres in Wallonia cities, Charleroi PSWC officials noted.