News from 2016-12-22 / KfW Research
First, more money and now, more staff – what do municipalities need in order to invest?
Many municipalities have a high backlog of investment despite a relatively favourable funding environment, as tax revenues are flowing and lending rates are low. Still, there is no sign of any clear investment surge. The available investment promotion funds are also being used very reluctantly. Critics deplore that municipalities’ planning capacities are insufficient because of excessive staff cuts in the past. This focus provides some relevant facts and arguments. The blanket call for more staff is no solution, however. Rather, processes and procedures also need to be revised in order to strengthen municipalities’ investment capabilities.
First, more money and now, more staff – what do municipalities need in order to invest?
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