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Local authorities' budgetary deficits and excessive indebtedness (local and Regional Authorities in Europe Series No. 58) (1998)
Public sector borrowing increases the tax burden in the long term and can eventually lead to a significant decrease in the proportion of the budget apportioned to running public services.
In order to better assess normal levels of indebtedness without impairing their operational efficiency or autonomy, the Steering Committee on Local and Regional Authorities (CDRL), on the basis of the information presented by twenty-seven member states, has elaborated guidelines which are resumed in this book.
In order to better assess normal levels of indebtedness without impairing their operational efficiency or autonomy, the Steering Committee on Local and Regional Authorities (CDRL), on the basis of the information presented by twenty-seven member states, has elaborated guidelines which are resumed in this book.
Public sector borrowing increases the tax burden in the long term and can eventually lead to a significant decrease in the proportion of the budget apportioned to running public services.
In order to better assess normal levels of indebtedness without impairing their operational efficiency or autonomy, the Steering Committee on Local and Regional Authorities (CDRL), on the basis of the information presented by twenty-seven member states, has elaborated guidelines which are resumed in this book.
In order to better assess normal levels of indebtedness without impairing their operational efficiency or autonomy, the Steering Committee on Local and Regional Authorities (CDRL), on the basis of the information presented by twenty-seven member states, has elaborated guidelines which are resumed in this book.