Municipalities’ debts to dangerous growth

Municipal revenue fell sharply in May, overdue obligations are increasing, and mayors forecast to continue this process . It emerged on Tuesday after meeting the Governing Board of the National Association of Municipalities, which discussed the local budgets.

The most serious is the collapse in transactions in property, where for the first five months on average earnings for the country in half compared with the same period of 2008 funds from the sale of municipal property are down 40 percent. Currently, municipalities regularly pay salaries of local administration, teachers and doctors, but the effect of the mayors expect a shortage of money to be felt more strongly at the end of the year.

Local authorities rely on financial assistance from the new government despite signals emerging deficit and national level. After preparing an analysis of the half association will insist on meeting with the new finance minister and asked not to be further reduced by 10% cut off state subsidies and the government to cover the obligations of the municipalities with a structural deficit.

––––––––––––––––– ––––––––––

Dnevnik
Finance

Вашият коментар

Вашият имейл адрес няма да бъде публикуван. Задължителните полета са отбелязани с *