Uncertainty amidst recovery
Over a year into the pandemic, local governments are still missing long-term support
Local and regional finances are under pressure due to the consequences of the COVID-19 crisis: spikes in pandemic-related spending were paired with falls in revenue. More than a year after the coronavirus was declared, local and regional governments still lack long-term support from national governments.
This is revealed by the latest edition of the CEMR analysis of COVID-19’s impact on local and regional finances. The study draws on data from 18 local and regional government associations in 15 countries*, shedding light on recent trends in territorial finances.
The situation in Europe’s towns, cities and regions is critical. “ The scissor effect caused major problems for many : less income coming in, more expenditure going out. Not an ideal state of affairs!” said Flo Clucas, Councillor for Cheltenham (UK) and CEMR spokesperson on local finances.
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