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CEMR survey and analysis - 26.06.2020
Some first estimates of COVID-19’s devastating impact on local finances Europe’s towns and regions are under extreme financial pressure as a result of the COVID-19 crisis and associated lockdowns. While expenditure rose as towns, cities and regions had to step up to take emergency measures, revenue has fallen sharply. Losses run into the billions.
This is revealed by a CEMR survey of national associations of local and regional governments. With data from 21 associations in 17 countries*, the report provides a wealth of information on municipalities and regions’ financial situation, with various examples of economic estimates and national support schemes.
...
This is revealed by a CEMR survey of national associations of local and regional governments. With data from 21 associations in 17 countries*, the report provides a wealth of information on municipalities and regions’ financial situation, with various examples of economic estimates and national support schemes.
...
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