Greek Government Announces Major Funding Boost for Local Municipalities

07:51 2/11/2024 - Πηγή: iEfimerida

The Greek government has announced a significant increase in funding for local municipalities across the country. Minister of National Economy and Finance Kostis Hatzidakis unveiled the plan at a meeting of the Attica Regional Union of Municipalities, highlighting the government's commitment to supporting local services and infrastructure.

Hatzidakis

announced a 36% increase in Central Autonomous Resources (CAR) funding for municipalities since 2019, bringing the total to €2.5 billion. This year alone, €145 million will be distributed to municipalities nationwide, with €36.5 million specifically allocated to the Attica region.

"These are essential increases to local budgets," Hatzidakis said, emphasizing the importance of the funding in maintaining the quality of local services and ensuring financial stability.

In addition to the CAR funding, the government will provide €90 million to help municipalities pay off debts and €25 million to settle court-ordered obligations. Hatzidakis also highlighted the €500 million in emergency funding provided to Attica municipalities since 2019, including recent allocations for disaster relief and fire prevention.

The Minister announced a 27% increase in the Public Investment Program, with an extra €900 million added to the 2024 budget. This investment will provide much-needed "breathing room" for local governments and enable them to pursue critical infrastructure projects.

To further assist municipalities, the government is introducing a new program allowing residents and businesses to pay off debts in installments, with special provisions for vulnerable populations.

Hatzidakis also addressed concerns about the future of a popular employment subsidy program for older workers, confirming that it will continue with an increased budget of nearly €700 million.

While acknowledging the challenges facing local governments, Hatzidakis emphasized the government's commitment to finding practical solutions and supporting municipalities across Greece.

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Greek Government Announces Major Funding Boost,Local Municipalities