Friday, June 20, 2025
HomeTop NewsThe hole in about 23 billion accounts for the Italian local authorities

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

Published on

“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%).

Latest articles

Shelving Solutions for Irish Garages and Warehouses

In Ireland, where both residential and commercial spaces often face storage challenges, having the...

What Guarantees the Security of Storing Online Casino Players’ Data?

In today’s digital age, the security of personal data is paramount, especially in industries...

Driving Efficiency: How Telematics Can Transform Fleet Management in Ireland

Fleet management in Ireland is changing and fast. Modern telematics technology now allows business...

Building a Supportive Community for Weight Loss: Why It Matters

Starting a new weight loss journey can feel a little overwhelming and lonely too,...

More like this

Shelving Solutions for Irish Garages and Warehouses

In Ireland, where both residential and commercial spaces often face storage challenges, having the...

What Guarantees the Security of Storing Online Casino Players’ Data?

In today’s digital age, the security of personal data is paramount, especially in industries...

Driving Efficiency: How Telematics Can Transform Fleet Management in Ireland

Fleet management in Ireland is changing and fast. Modern telematics technology now allows business...