Financing Environmental Protection at the Local Level: The Planning of the Budgetary Funds
Financing Environmental Protection at the Local Level: The Planning of the Budgetary Funds

Author(s): Dejan Maksimović, Stefan Šipka
Subject(s): Energy and Environmental Studies, Environmental and Energy policy, Fiscal Politics / Budgeting
Published by: Centar za evropske politike CEP
Keywords: Environmental protection; Local level financing; Budget planning; Fiscal management; Sustainability; Public finance; Budget allocation; Environmental policy; Local governance; Resource management;
Summary/Abstract: Serbia is facing serious challenges in the field of environmental protection and harmonizing its standards with those of the European Union. To overcome these challenges, it is necessary to spend at least 10 billion euros. Currently, Serbia spends less than 0.5% of its GDP on environmental protection, which is below the average sum allocated in the EU and far less than the amount allocated by the countries of Central and Eastern Europe during their accession process. Before the share of share of GDP allocated for environmental protection increases, it is important to have a quality system of planning and utilization of funds designated for environmental protection. This is particularly important in case of local self-governments, where, on one side, there is a large scope of competences with regard to environmental protection, and, on the other side, insufficient capacities, as well as different practices.

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