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

In order to ensure a healthy environment and full compliance with EU standards, Serbia has to face significant challenges in terms of financing environmental protection, especially at the local level.

In order to ensure a healthy environment and full compliance with EU standards, Serbia has to face significant challenges in terms of financing environmental protection, especially at the local level. According to official estimates, more than 10 billion euros need to be invested to fully align Serbia with EU standards in the field of environmental protection. Given the scope of competencies, insufficient capacities and differing practices of municipalities and cities, the issue of financing the environmental protection at the local level deserves special attention. New CEP Brief includes a description of the expenditures recorded in the accounts of local budget funds for environmental protection, an analysis of the relationship between the mentioned expenditures and local environmental benefits and recommendations for improving the existing situation in this area.