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Local Finances and the Green Transition in Europe.
A Decade of Local Finances – From Crisis to Sustainable Recovery
At a glance
Charts and data
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Acknowledgements
Acknowledgements
Acknowledgements
Executive Summary
Executive Summary
Periods of economic growth and public sector development
Macro-economic environment and public finances
Decentralisation trends in Europe
Budget expenditures and investment patterns
Revenue assignment and taxation
Budget balance and debt
Public financial management
Recovery and Resilience Facility and the subnational governments
Conclusions and recommendations
Objectives and Methodology
Objectives and Methodology
Objectives and Methodology
A decade of
local finances
Decade of local finances: two crisis and in between
1. Macro-economic environment and public finance
2. Decentralisation trends in Europe
3. Budget expenditures and investment patterns
4. Revenue assignment and taxation
5. Budget balance and debt
6. Public financial management
7. Recovery and Resilience Facility and the subnational governments
Conclusions and
Recommendations
Conclusions and Recommendations
Responding on the two crises: from cooperation and partnership to coordinated actions
Local impact of economic regulations
Managing administrative-territorial reforms
Diverse expenditure assignment influences economic recovery
Local capital investments matters
Local revenue autonomy for crisis management and pollution control
Public financial management
Recovery and Resilience Facility: and opportunity for local governments
References
References
Annexes
Annexes
Annex 1. Data sources and statistical terms
Annex 2. Troika intervention in Portugal
Annex 3. Financing ecological transition: green loans in France
At a glance
25%
Local & regional government spending as % of all public spending (stable)
What do local goverments spend on?
Public orderm safety and defence
Local and regional goverments
54.3% of public investment, including 88.2% in public housing, 73.8% in environmental protection.
Share of green transintion expediture and decentralisation
LRG Spending
as percentage of total public spending