The hole in about 23 billion accounts for the Italian local authorities

The hole in about 23 billion accounts for the Italian local authorities

“This loss – warning – could lead to cuts in public services”

At the European level, the “gap effect” for local authorities is valued at 180 180 billion, equivalent to the cost of high costs due to pandemic ($ 125 billion) and lost revenue ($ 55 billion). All this, the chairman of the committee, Apostolos Citicostas, warned, “will lead to cuts in public services if more resources from the European Union and national funds do not arrive immediately to support local projects and programs.” The alarm will affect the entire union.

Cyprus (25%), Bulgaria and Germany (15%) accounted for the largest loss, with the Italian government losing about 9% of its revenue to the exchequer, which risked 23 23 billion. Lowest in Romania, Denmark, Greece, Hungary and Estonia (not more than 2%).

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