A 180 billion budget cut is putting at risk regional and local finances

In 2020 local and regional authorities across Europe experienced an increase in expenditure of around 125 billion euros – due to pandemic related measures - and a fall in revenues of 55 billion euros - largely due to decreased economic activity, tax, tariff and fee income.

This ''scissors effect'' translates into a gap of around 180 billion euros in our finances, with 130 billion lost by regional and intermediate levels, and 50 billion lost at municipal level. German LRAs are the by far the most hit in absolute terms (-111 billions), followed by Italian (-22,7) and Spanish (-12,3) ones. The losses as percentage of total revenues were highest for LRAs in Cyprus (-25%), Bulgaria (-15,3%) and Luxembourg (-13,5%).

How big is the scissors effect

Austria-2.30
Belgium-4.70
Bulgaria-0.64
Croatia-0.24
Cyprus-0.075
Czech Republic-1.95
Denmark -1.91
Estonia 0.03
Finland -2.00
France -7.20
Germany -111.7
Greece -0.12
Hungary -0.15
Ireland -0.32
Italy -22.78
Latvia -0.10
Lithuania -0.08
Luxembourg -0.42
Malta n/a
Netherlands -2.77
Poland -3.00
Portugal -0.55
Romania -0.43
Slovakia -0.20
Slovenia -0.20
Spain -12.37
Sweden -3.49
EU-27 -179.67

EU regions worst-hit by COVID-19

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Reports

14.06.21 European Year of Rail_Abruzzo (3 MB - PDF)
14.06.21 Green deal - Building resilient communities (3 MB - PDF)
10.06.21 Green deal - Building resilient communities (3 MB - PDF)
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Learn more

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Contact

contact@cor.europa.eu

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