linkedin gif

+33 1 42 54 60 64
Login & Registration

Home >  EU Funding news >  News

Tuesday, November 24, 2020

The impact of the health crisis on the financial resources of European regions

Local development,

News The European Committee of the Regions and the OECD, in a survey, highlight the lack of financial means affecting sub-national governments in the EU.

Of the 300 representatives of regional, intermediate and local authorities from the 24 EU Member States who took part in the survey, 86% expect this to have a negative impact on their spending.

Especially as regions and cities are hit by what the report calls "a dangerous scissor effect". On the one hand, their spending has soared as a result of the health crisis, with increases in particular for social services (+65%), social benefits (+59%) and support for SMEs and the self-employed.

On the other hand, they expect their income to fall by as much as 90%, especially in terms of tax revenues. User fees are another source of income heavily affected by the crisis.

In response to the lack of financial resources, 24% of the respondents at the time of the survey were considering taking out new loans to be able to manage the crisis. 13% of respondents had applied for additional EU funding.

Source :  Euractiv


Latest news



Welcomeurope, 161 rue Montmartre, 75002 Paris | Tél . : +33 1 42 54 60 64 / Fax : +33 1 42 54 70 04

© Welcomeurope 2000-2018

Welcome to This site uses cookie to improve the analysis of the website and the quality of services. By using our site, you agree to use the cookies. More