Local government: the deficit exploded in a year – Le Parisien

Local government: the deficit exploded in a year – Le Parisien

<- Hard dé e: 0.031532049179077 sec -> the local government deficit increased from € 3.7 billion in 2012 to 9.2 billion in 2013, an increase in debt mainly due to hiring and the use of debt, according to a report cited by Le Journal du Dimanche.

This “state of local finances” written to the Ministries of Finance and Interior, in charge of land reform, shows that government expenditures Local public (municipalities, cities, counties, regions.
                         
                 
                  <- hard dé e: 0.05956506729126 sec -> ..) rose 3.4% while revenue rose only 1%, according to the JDD

The reporters write that “investments have increased, resulting in increased debt. Among the reasons given by the report, to be released by the end of October causes payrolls increased by 3.1% in 2013 after having already increased by 3.5% in 2012, partly due to new recruitments.

Capital expenditures increased 8.1% in 2013, “an unprecedented rate since 2009,” the newspaper said. Communities have tapped into their savings and resorted to borrowing, in a context of declining state grants. The hole in the coffers of local finances (9.2 billion in 2013) is 10% of all public deficits, against less than 3% in 2012.