Financing of the Environmental Protection at the Local Level: Relationship between Revenues and Expenditures
Financing of the Environmental Protection at the Local Level: Relationship between Revenues and Expenditures

Author(s): Stefan Šipka, Dejan Maksimović
Subject(s): Energy and Environmental Studies, Governance, Environmental and Energy policy, Fiscal Politics / Budgeting
Published by: Centar za evropske politike CEP
Keywords: Environmental protection; Local level financing; Revenues; Expenditures; Budget allocation; Sustainability; Public finance; Local governance; Environmental policy; Fiscal management;
Summary/Abstract: Financial investments in the environmental protection are one of the biggest challenges for the Republic of Serbia in the European Union accession process. Official estimates from 20111 indicate that by 2030, the costs of application of the rules under Chapter 27 (Environmental Protection) will reach €10.6 Billion, mainly for protection against water pollution (€5.6 Billion), waste management (€2.8 Billion) and the industrial pollution (€1.3 Billion). Furthermore, according to more recent estimates, the required investments, considering only the capital investments, are around €10 Billion. Inclusion of the operational investments (infrastructure maintenance costs) will result in an even higher amount.

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